Consumer Confidence Mixed in AugustAugust 27, 2013 By Stephen Silver
Multiple measures of consumer confidence showed mostly good news Tuesday, with the Conference Board showing a positive number while the Consumer Electronics Association's number was more mixed.
The Conference Board's measure of consumer confidence rose to 81.5 in August, from 81.0 in July.
"Consumer Confidence increased slightly in August, a result of improving short-term expectations," Conference Board's Lynn Franco said as part of the release.
"Consumers were moderately more upbeat about business, job and earning prospects. In fact, income expectations, which had declined sharply earlier this year with the payroll tax hike, have rebounded to their highest level in two and a half years. Consumers' assessment of current business and labor market conditions, on the other hand, was somewhat less favorable than last month."
From CEA, meanwhile, the CEA Index of Consumer Technology Expectations (ICTE), which measured the tech sector, showed a 1 point rise in August, while the CEA Index of Consumer Expectations (ICE) dropped 5.2 points.
“Technology sentiment increased slightly in August, a positive sign for tech spending around back-to-school purchases,” Shawn DuBravac CEA’s chief economist and senior director of research, said as part of the release. “Tech sentiment is in line with August 2012 levels and well above the 2009-2012 average.”