Consumer Confidence Rebounded in Oct., Says Conference Board
Consumer intentions to buy new TV sets increased sharply in October from September, reported the Conference Board Tuesday. The board hired data analytics company Toluna to canvass 3,000 U.S. homes online through Oct. 20, finding 11.7% plan to buy a…
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new TV in the next six months, compared with 10.9% in September, 10.4% in August and 11% in October 2020. Consumer confidence improved in October, after three straight months of declines, sparked by worries over COVID-19's delta variant, said the board: “While short-term inflation concerns rose to a 13-year high, the impact on confidence was muted.”