CEA: Confidence Hits Four-Year High; Tech Number Drops
Consumer confidence continued its upward climb in January, according to CEA’s monthly index, as the CEA Index of Consumer Expectations (ICE) reached its highest level since prior to the start of the 2008 recession.
The CEA Index of Consumer Expectations (ICE) reached 177.3, a four-point rise from December, a two-point increase since last January, and the highest number in the survey since February 2008.
The CEA Index of Consumer Technology Expectations (ICTE), however, dropped five and a half points from December.
“Overall sentiment continues to improve as the ICE has rebounded since reaching an all-time low in November,” Shawn DuBravac, CEA’s chief economist and director of research, said in a statement. “Sentiment has improved by more than 13 percent in the past two months, which is a hopeful sign of consumer expectations for recovery in 2012.”