Confidence Hits Three-Year High
Consumer confidence in the overall economy rose for the sixth straight month to a three-year high, while confidence in the consumer technology sector, while down slightly from last month, hit its highest January level ever.
That’s according to CEA’s monthly measure of consumer confidence. The CEA Index of Consumer Expectations (ICE) rose a point to 175.7, while CEA Index of Consumer Technology Expectations (ICTE) dropped to 88.1
“The economy continues to improve and individuals are taking note,” Shawn DuBravac, CEA’s chief economist and director of research, said as part of the announcement. “With consumer sentiment higher than it has been since early 2008, and six straight months of growth, consumers are feeling better about the economy and their financial futures.”
Another consumer confidence measure released this week, the Conference Board’s, jumped more than seven points, to its highest level since last May.