Consumer confidence levels about technology spending and about the overall economy were both down in April, according to data from the Consumer Electronics Association (CEA).
The association's Index of Consumer Expectations (ICE), tracking consumer expectations about the economy, was down 2.7 points from March to stand at 167.5 in April.
“The first quarter’s weather hindered an already tepid economic recovery,” said Shawn DuBravac, CEA’s chief economist and senior director of research. "Despite this month’s slip in consumer sentiment, I expect the economic drawback that began in the first quarter will continue to improve in the coming months.”
The association's Index of Consumer Technology Expectations (ICTE), tracking consumer expectations about technology spending, was down 2.7 points in April to 87.7. However, the April 2014 ICTE is at the highest level for the month of April since April of 2011.
“On most accounts the first quarter was bad for the tech industry,” said DuBravac. “April’s sentiment numbers likely reflect that, but as the economy improves in the second quarter, I expect consumer sentiment will follow suit.”
to Daily News