Confidence Slid in April
CEA’s monthly measure of consumer confidence ended its long losing streak in April, as sentiment slid for both the overall economy and technology.
The CEA Index of Consumer Expectations (ICE) and CEA Index of Consumer Technology Expectations (ICTE) each slid 2.7 points from the previous month,
“The first quarter’s weather hindered an already tepid economic recovery,” Shawn DuBravac, CEA’s chief economist and senior director of research, said as part of the announcement. “Despite this month’s slip in consumer sentiment, I expect the economic draw back that began in the first quarter will continue to improve in the coming months.”