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Consumer Confidence Continues Downward Slide, says CEA-CNET Indexes Jan 28, 2009 |
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Consumer confidence in the overall economy continued to slide downward in January, according to the Consumer Electronics Association (CEA) and CNET. The CEA-CNET Indexes also show consumers are less likely to spend money on consumer electronics (CE) and technology products.
The CEA-CNET Indexes measure how consumers perceive:
• the overall health of the economy
• the outlook for technology spending
Both indexes focus on consumer perceptions of the future. They Indexes are intended to be forward-looking insights into how consumers will likely behave over the pursuing months.
The CEA-CNET Index of Consumer Expectations (ICE) reached 166.6 in January, a decrease of 1.3 points from last month. The ICE, which measures consumers’ confidence in the overall economy, is down year-over-year by 4.2 points.
Consumer confidence in CE and technology took only a slight dip in January. The CEA-CNET Index of Consumer Technology Expectations (ICTE), which measures consumers’ confidence in consumer electronics and technology, decreased 1 point, reaching 77.3, a 2% decline over the same period last year.