Consumer Intentions to Buy New TVs Declined in July, Conference Board Says

Consumer intentions to buy new TV sets fell in July from June, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 homes for the Conference Board through July 14 and found 12.5 percent plan to buy a new TV in the next six months, down from 14 percent in June, up from 11.9 percent in May and unchanged from 12.5 percent in July 2016, it said. Overall consumer confidence increased in July after a “marginal decline” in June, it said: “Consumers’ assessment of current conditions remained at a 16-year high ... and their expectations for the short-term outlook improved somewhat after cooling last month. Overall, consumers foresee the current economic expansion continuing well into the second half of this year.”