U.S. Consumer Confidence in Economy, Technology Climbs in Sept.
Oct 22, 2010
| Print this page
Consumer confidence in the economy climbed more than five points in September and confidence in technology products rose a point as well, according to figures from the Consumer Electronics Association (CEA) and CNET.
“Consumers’ overall mood for an economic recovery is optimistic,” said Anne Claudio, vice president of research at CBS Interactive. “This month’s index showed an upswing from the summer, as families purchased school supplies like clothing, backpacks and computers.”
The CEA-CNET Index of Consumer Expectations (ICE) rose more than five points in September to 163.4. The ICE measures consumer expectations in the overall economy and has rebounded in the past two months since the index reached an all-time low of 157.3 points in July. The ICE is still down nearly six points from this time last year.
Consumers are also feeling more confident about technology. The CEA-CNET Index of Consumer Technology Expectations (ICTE), which measures consumer expectations about technology spending, is up 1.1 points from August. It’s down two points from this time last year.
“Consumers’ appetite for consumer electronics continues to grow, as tech companies launch new products for the upcoming holiday season,” said Claudio.
Back to Breaking News