Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

CEA Technology Confidence Up, Confidence in Economy Down
Mar 28, 2011
 Printable format
 Email this Article
 Search

Consumer confidence in technology rose in March, according to the latest CEA Index from the Consumer Electronics Association; the index also shows that consumer confidence in the overall direction of the economy is down from last month.

The CEA Index of Consumer Technology Expectations (ICTE), which measures consumer expectations about technology spending, reached 78.5 in March, but remains five points lower than in March of 2010.

“Many retailers are still waiting for new product lines to be released, which is happening a few weeks later than it did last spring,” said Shawn DuBravac, CEA’s chief economist. “While several new and innovative products hit store shelves this month, the full breadth of new model resets has yet to happen.”

The CEA Index of Consumer Expectations (ICE), which measures consumer confidence about the broader economy, fell more than ten points to 161.4. The ICE is down for the second straight month and is slightly lower than this time last year.

“Increasing geopolitical concerns around the globe and weak results for the housing market domestically, coupled with the tragedy in Japan, have kept consumers on edge,” said DuBravac. “Consumers are still adjusting to higher gas prices, for example, which affect spending on the remaining categories, including tech.”

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows