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Consumer Confidence Rebounded in April, but TV-Buying Intentions Fell Sharply

Consumer intentions to buy new TV sets fell sharply in April from March, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 U.S. homes through April 18 and found 11.3 percent plan to buy a new TV set…

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in the next six months, down from 13.7 percent in March, 12.4 percent in February and 13.1 percent in April last year, said the board. Consumer confidence improved in April after declining in March, it said: “Consumers expect the economy to continue growing at a solid pace into the summer months. These strong confidence levels should continue to support consumer spending in the near-term.”