Consumer Confidence in Technology Rises in September Sep 23, 2009

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Consumer confidence in technology and consumer electronics jumped, while confidence in the overall economy fell slightly in September, according to the Consumer Electronics Association (CEA) and CNET.

The CEA-CNET Index of Consumer Technology Expectations (ICTE) climbed more than 6% this month. The ICTE reached 83, bringing it near its level from the same period last year. The ICTE, which has climbed in five of the past six months, shows that expectations for buying CE products and services and spending more on these purchases both went up in September.

The CEA-CNET Index of Consumer Expectations (ICE) fell 1.7% to 169.3 in September. The ICE, which measures consumer expectations about the broader economy, is down 2.7 points from this time last year, but has climbed in three of the last five months.

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