Consumer Intentions to Buy TV Sets Fell in April, Conference Board Says

Consumer intentions to buy new TV sets plunged significantly in April from March, according to preliminary data released Tuesday by the Conference Board. Nielsen polled 5,000 homes through April 13 and found 11.8 percent plan to buy a new TV in the next six months, down from 13 percent in March, 12.4 percent in February and 14.3 percent in April 2016, the Conference Board said. Overall consumer confidence also declined in April, after rising in February and March, it said: "Consumers assessed current business conditions and, to a lesser extent, the labor market less favorably than in March. Looking ahead, consumers were somewhat less optimistic about the short-term outlook for business conditions, employment and income prospects. Despite April’s decline, consumers remain confident that the economy will continue to expand in the months ahead."