June TV-Buying Intentions, Consumer Confidence Up From May, Says Conference Board
Consumer intentions to buy new TV sets increased sharply in June from May, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 U.S. homes through June 18, finding that 12.3% planned to buy a new TV in the…
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next six months, said the board. That was up from 11% in May but down slightly from 12.5% in June 2019, it said. Consumer confidence “partially rebounded” in June but stayed “well below pre-pandemic levels,” said the board. “The re-opening of the economy and relative improvement in unemployment claims helped improve consumers’ assessment of current conditions.”