Fewer Consumers Planned to Buy New TVs in Nov.: Conference Board
Consumer intentions on buying new TV sets dropped in November from October, according to preliminary Conference Board data released Tuesday. Toluna canvassed 5,000 U.S. homes for the board through Nov. 19, finding 9.7% planning to buy a new TV in…
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the next six months, down from 11.6% in October, 10.9% in September and 9.9% in November 2020. The consumer confidence index declined in November after rising in October, as concerns about rising prices and COVID-19's delta variant drove the decrease, said the board. Toluna fielded the November survey days before the omicron variant was identified in southern Africa. “The Conference Board expects this to be a good holiday season for retailers and confidence levels suggest the economic expansion will continue into early 2022. However, both confidence and spending will likely face headwinds from rising prices and a potential resurgence of COVID-19 in the coming months,” it said.