TV-Buying Intentions Jumped in August After 4 Months of Declines, Report Says

Consumer intentions to buy TV sets jumped in August after declining for four straight months, according to preliminary data in the Conference Board’s monthly survey. Nielsen canvassed 5,000 consumers for the Conference Board through Aug. 18, and 13.4 percent said they plan to buy a TV set in the next six months, up from 12.5 percent in July, 12.7 percent in June and 13 percent in August 2015, the Conference Board said. The Consumer Confidence Index, which declined marginally in July, improved in August to its highest level in nearly a year, it said: “Consumers’ assessment of both current business and labor market conditions was considerably more favorable than last month. Short-term expectations regarding business and employment conditions, as well as personal income prospects, also improved, suggesting the possibility of a moderate pick-up in growth in the coming months.”