TV-Buying Intentions Rose Slightly in May, Says Conference Board
Consumer intentions on buying new TV sets increased slightly in May compared with April, according to preliminary data reported Tuesday by the Conference Board. Analytics company Toluna canvassed 3,000 U.S. homes for the board through May 23, finding 11.6% plan…
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to buy a new TV set in the next six months, up from 11.3% in April, 11% in March and 11.3% in May 2021, it said. Consumer confidence fell slightly in May, after rising modestly in April, due to “a perceived softening in labor market conditions,” said the board. Consumers don’t foresee the economy “picking up steam in the months ahead,” but they do expect labor market conditions to remain relatively strong, “which should continue to support confidence in the short run,” it said.