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

Consumer intentions to buy new TV sets fell slightly in May from April, according to preliminary data released Tuesday by the Conference Board. Nielsen polled 5,000 homes for the board through May 18 and found 11.5 percent plan to buy a new TV in the next six months, down from 11.9 percent in April, 13 percent in March and 13.3 percent in May 2016, it said. Overall consumer confidence also declined slightly in May, after a “moderate” decline in April, it said: “Consumers’ assessment of present-day conditions held steady, suggesting little change in overall economic conditions. Looking ahead, consumers were somewhat less upbeat than in April, but overall remain optimistic that the economy will continue expanding into the summer months.”