TV-Buying Intentions Fell in July for 4th Straight Month, Conference Board Says

Consumer intentions to buy TV sets fell in July from June for the fourth straight month, according to preliminary data in the Conference Board’s monthly survey. Nielsen canvassed 5,000 consumers for the Conference Board through July, and 12.2 percent said they plan to buy a TV set in the next six months, down from 12.7 percent in June, 13.3 percent in May and 14.5 percent in July 2015, the board said. The Consumer Confidence Index, which improved in June, “held steady” in July, it said: “Consumers were slightly more positive about current business and labor market conditions, suggesting the economy will continue to expand at a moderate pace. Expectations regarding business and labor market conditions, as well as personal income prospects, declined slightly as consumers remain cautiously optimistic about growth in the near-term.”