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 Index: Consumer Sentiment Increases in March
Mar 26, 2014
 Printable format
 Email this Article
 Search

Consumer confidence toward technology spending, as measured by the Consumer Electronics Association (CEA), reached its highest month-of-March level in seven years, and sentiment toward the overall economy also increased.

The association's Index of Consumer Technology Expectations (ICTE) measures consumer expectations about technology spending. The ICTE in March 2014 was up 6.2 points from the previous month, to 90.4. The ICTE was up 11.2 points from March 2013. It was the highest level the index has reached during any month of March since the association started tracking the data in 2007.

“The increase in sentiment toward tech spending is a promising sign and bodes well for strength in the sector in the coming months,” said Shawn DuBravac, CEA chief economist and senior director of research. “Although the year started off as a disappointing first quarter for the technology sector, the jump in confidence might point to an ensuing lift driven by some pent up demand.”

The association's Index of Consumer Expectations (ICE) measures consumer expectations about the broader economy. The March 2014 index was up 2.5 points from the previous month, to 170.2.

"Despite the negative drag from several severe weather events in the first quarter, consumers are feeling more optimistic,” said DuBravac. "I’m expecting a ‘weather payback’ in the coming months as uncertainty recedes and the employment picture continues to improve."

Back to Daily News

 

Daily News

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

Nov 24, 2014: Smeg enters small appliance market in the United States

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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