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

Consumer Sentiment on Technology Spending Highest Since 2007
Oct 29, 2013
 Printable format
 Email this Article
 Search

October 2013 consumer confidence toward technology spending jumped to the highest level since 2007 and sentiment toward the overall economy increased two points in October, according to data from the Consumer Electronics Association (CEA).

CEA's Index of Consumer Technology Expectations (ICTE), measuring consumer expectations about technology spending, were up 9.5 points in October to 90.2.

"Consumer interest in tech has moved up decidedly heading into the holiday season," said Shawn DuBravac, CEA's chief economist and senior director of research. "Exciting product announcements coupled with early retailer promotions and advertisements are likely behind the jump in sentiment toward tech spending this month."

Total consumer electronics retail sales in the 2013 November-December holiday sales season are expected to increase 4.0% over 2012's holiday season. Sales are expected to reach $738 billion in total revenue, according to CEA's 2013 Holiday Retail Sales Forecast.

CEA's Index of Consumer Expectations (ICE), measuring consumer expectations about the broader economy, was up two points in October to 163.7. This index remains down 14 points compared to October 2012.

"After two months of declines, the recent government resolution, although temporary, coupled with generally improving financial conditions has consumers feeling more confident this month toward the overall economy," said DuBravac.

Back to Daily News

 

Daily News

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

Jun 19, 2014: Report: Marginal Impact of Electric Heat Pumps on Home Sale Price

Jun 19, 2014: Whirlpool Receives First Energy Star for Clothes Dryers

Jun 19, 2014: PowerSmart P3000 Generator Named Best Overall Tailgating Product at National Hardware Show

Jun 19, 2014: FHP Motor Shipments up 37% in 1Q 2014

Jun 19, 2014: Metalformers Expect a Slight Downturn

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows