TV-Buying Plans Up, Consumer Confidence Down: Conference Board
Consumer intentions on buying new TV sets rebounded slightly in September from August, even as consumer confidence declined for the third straight month and was down nearly 20 points from its recent peak in June, reported the Conference Board in…
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preliminary monthly data Tuesday. Consumer analytics company Toluna canvassed 3,000 U.S. homes online for the board through Sept. 22, finding 11% plan to buy a new TV in the next six months, up from 10.4% in August and unchanged from 11% in September 2020, it said. The spread of COVID-19's delta “continued to dampen optimism” in September, said the board. Consumer confidence “is still high by historical levels,” but the three consecutive months of declines “suggest consumers have grown more cautious and are likely to curtail spending going forward,” it said.