August Tariff Escalation ‘Rattled’ Consumer Confidence, Says Conference Board
Consumer intentions to buy new TV sets took a sharp decline in September from August, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 U.S. homes through Sept. 13 and found 12 percent plan to buy a new…
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TV set in the next six months, said the board. That was down from 13.8 percent in August, 12.4 percent July and 14.2 percent in September 2018, it said. Consumer confidence declined in September for the second straight month, it said. “The escalation in trade and tariff tensions in late August appears to have rattled consumers,” it said.