CEA: Confidence Mixed in May
Consumer confidence in the tech sector rose in May, while dropping overall, according to the Consumer Electronics Association’s monthly confidence measure released Tuesday.
The CEA Index of Consumer Technology Expectations (ICTE) rose four points from April, while CEA Index of Consumer Expectations (ICE) dropped three points.
“The sharp upward move in sentiment we saw in May continues the positive year-over-year trend we’ve witnessed for the last several months,” Shawn DuBravac, CEA’s chief economist and senior director of research, said of the CE number, as part of the release.
“Recent sluggishness in the labor market, combined with continued malaise in Europe, is keeping sentiment in check,” DuBravac said. “While sentiment declined again this month, consumers remain more optimistic about the economy than they were a year ago.”