Trade Frictions Sent Consumer Confidence Plunging to Lowest Level in 21 Months
Consumer intentions to buy new TV sets fell slightly in June from May, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 U.S. homes through June 14 and found 12.3 percent plan to buy a new TV set…
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in the next six months, said the board. That was down from 12.6 percent in May, but up from 11.1 percent in April and 11.2 percent in June 2018, it said. Consumer confidence declined in June to its lowest level since September 2017 after three straight months of increases, it said: “The escalation in trade and tariff tensions earlier this month appears to have shaken consumers’ confidence.”