Consumer Confidence Holds Steady in June, says CEA-CNET Indexes
Jun 24, 2009
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Consumer confidence in the overall economy held steady in June, according to the CEA-CNET Indexes by the Consumer Electronics Association (CEA) and CNET. The Indexes also show that consumer confidence in technology and consumer electronics (CE) continues to improve.

The CEA-CNET Index of Consumer Expectations (ICE) reached 174.7, up 0.1 points from May. The ICE, which measures consumers’ confidence in the overall economy, is up more than eleven points year-over year and at its highest level since February 2008. Consumers are growing more confident about their future financial health but remain worried about the market outlook for jobs.

Consumer confidence in CE and technology climbed for the fourth consecutive month. The CEA-CNET Index of Consumer Technology Expectations (ICTE), which measures consumer confidence in technology and consumer electronics, reached 84.4, an increase of nearly three and a half points from last month. The ICTE is up more than five points from this time last year and is at its highest level since August 2008.

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