July Confidence Decline Doesn’t ‘Bode Well’ for Recovery, Says Conference Board
Consumer intentions to buy new TV sets declined sharply in July from June, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 U.S. homes through July 17, finding 10.6% planned to buy a new TV in the next…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
six months, down from 12.6% in June, 11% in May and 12.4% in July 2019. Consumer confidence declined in July, especially in regions experiencing a spike in COVID-19 cases, said the board: “Consumers have grown less optimistic about the short-term outlook for the economy and labor market and remain subdued about their financial prospects. Such uncertainty about the short-term future does not bode well for the recovery, nor for consumer spending.”