Consumer Confidence Improved for 2nd Straight Month, Says Conference Board
Consumer intentions to buy new TV sets increased sharply in May from April, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 U.S. households through May 16 and found 13.3 percent plan to buy a new TV set…
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in the next six months, said the board. That was up from 11.1 percent in April, down from 13.7 percent in March and up from 12.5 percent in May 2018, it said. Consumer confidence improved in May for the second straight month, it said: “Consumers expect the economy to continue growing at a solid pace in the short-term, and despite weak retail sales in April, these high levels of confidence suggest no significant pullback in consumer spending in the months ahead.”