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Daily News

CEA: Consumer Confidence Down Slightly
May 28, 2013
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Consumer confidence in the economy overall and in technology spending were down in May 2013, according to data from the Consumer Electronics Association (CEA).

The CEA Index of Consumer Expectations (ICE), measuring consumer expectations about the broader economy, was 159.7 in May 2013 - down 2.9 points from April 2013 and down 5.2 points from May 2012.

"Despite improving fundamentals in real estate and financial markets, consumers remain apprehensive," said Shawn DuBravac, CEA chief economist and senior director of research.

The CEA Index of Consumer Technology Expectations (ICTE) was down by 4.1 points in May 2013 to 79.0. The ICTE, measuring consumer expectations about technology spending, is down for the second consecutive month.

"While key categories like tablets and smartphones continue to experience gains, growth outside these categories remains muted," said DuBravac.

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