Report: Consumer Technology Spending Up Year-over-Year Jan 27, 2010

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Consumer technology spending is down in January, but is up year-over-year, according to the latest figures from the Consumer Electronics Association (CEA)® and CNET (www.cnet.com).

The CEA-CNET Index of Consumer Technology Expectations (ICTE) registered 83.9 in January, down three points from December – a typical scenario following the holiday spending season. Overall, the ICTE, which measures consumer expectations about technology spending, is up nine and a half points year-over-year and is at its highest January figure since 2007.

“Controlling for seasonal fluctuations, consumer confidence in technology is strong,” said Shawn DuBravac, CEA’s chief economist and director of research. “After a strong holiday and a successful 2010 International CES, interest in technology remains high in 2010.”

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