CEA: Confidence Hits Five-Year HighOctober 23, 2012
The CEA Index of Consumer Expectations (ICE) saw a 5.5-point increase to 177.7, the highest level since early 2008. The CEA Index of Consumer Technology Expectations (ICTE) dropped 4.7 points as it dropped from a September spike.
“While an abundance of economic uncertainties remain, individuals are generally feeling better about the future,” Shawn DuBravac, CEA’s chief economist and senior director of research, said in a statement. “Overall sentiment improved in October as some uncertainties lifted. As we’ve seen in the past two years, consumer sentiment is again rising heading into the fourth quarter.”