No Evidence Consumers Plan to ‘Curtail’ Holiday Spending, Says Conference Board
Consumer intentions to buy new TV sets plunged in October from September, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 U.S. homes through Oct. 18 and found 11.7 percent plan to buy a new TV set in…
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the next six months, said the board. That was down from 12.5 percent in September, 13.8 percent in August and 12.8 percent in October 2018, it said. Consumer confidence declined in October for the third straight month, it said: “Consumers expressed some concerns about business conditions and job prospects.” Confidence levels nevertheless “remain high and there are no indications that consumers will curtail their holiday spending,” it said.