January TV-Buying Intentions Up, Consumer Confidence Down
Consumer intentions to buy new TV sets jumped in January from December, according to preliminary Conference Board data released Tuesday. Toluna canvassed 5,000 U.S. homes for the board through Jan. 19, finding 10.7% plan to buy a new TV set…
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in the next six months, up from 9.9% in December, unchanged from 10.7% in November but down from 11.4% in January 2021. Consumer confidence fell 1.4 points in January after three straight months of gains, as consumers’ “short-term expectations” weakened, said the board. “Concerns about inflation declined for the second straight month, but remain elevated after hitting a 13-year high in November,” it said.