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Consumer confidence in the economy increased in September, according to the CEA-CNET Consumer Sentiment Indexes by the Consumer Electronics Association (CEA) and CNET. It marks the third consecutive month where consumer confidence improved. Consumer confidence in technology was down slightly from last month, but remains higher than the same period last year.
The CEA-CNET Consumer Sentiment Indexes measure how consumers perceive: the overall health of the economy and the outlook for technology spending. Both indexes focus on consumer perceptions of the future. The Indexes are intended to be forward-looking insights into how consumers will likely behave over the pursuing months.
The CEA-CNET Index of Consumer Expectations (ICE) reached 172.0 in September, marking the third consecutive month of positive growth. The ICE grew six and a half points from August and saw a ten point jump from the all-time low set in July. The growth in September is the second highest reached this year. The ICE hit 178.6 in February.
While overall consumer confidence climbing in September, confidence in technology and consumer electronics (CE) remained flat. The CEA-CNET Index of Consumer Technology Expectations (ICTE) fell to 83.2, just off from last month’s total of 84.4. The small decrease ends three consecutive months of positive growth. The ICTE, however, still remains more than two and a half points higher than this time last year.
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