CEA: Consumer Confidence in Economy and Tech Sector Show Declines
Jan 24, 2013
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Consumer confidence in the economy and in technology were both down in January, according to the Consumer Electronics Association, which also said that such declines are consistent with post-holiday results in past years.
CEA's Index of Consumer Expectations measures expectations about the broader economy. The ICE was at 168.0 points in January 2013, down 3.0 points from December 2012 and down 9.3 points from January 2012.
Shawn DuBravac, CEA's chief economist and senior director of research, said the decrease in sentiment came after a "spike" in the holiday season. "Consumers are taking a wait-and-see approach to the New Year," he added.
CEA's Index of Consumer Technology Expectations measures consumer expectations about technology spending. The ICTE was at 83.0 in January 2013, down 14.3 points from December 2012 and down 5.0 points from January 2012.
"These declines are consistent with seasonality of the post-holiday season," said DuBravac.
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