Consumer Intentions to Buy TVs Jumped Slightly in May, Conference Board Says

Consumer intentions to buy new TV sets jumped 1 percentage point in June from May, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 homes for the board through June 15 and found 12.9 percent plan to buy a new TV in the next six months, up from 11.9 percent in May and April, and 12.7 percent in June 2016, it said. Overall consumer confidence increased “moderately” in June, after a small decline in May, as consumers’ “assessment of current conditions” improved to a nearly 16-year high, it said of its monthly index: “Overall, consumers anticipate the economy will continue expanding in the months ahead, but they do not foresee the pace of growth accelerating.”