Consumer Confidence Surges in September
Consumer confidence, by two separate measures, posted its strongest month in memory in September. The Conference Board’s Consumer Confidence Index rose nine points to 70.3, while the CEA Index of Consumer Expectations (ICE) found confidence in the overall economy rose by three points.
In addition, CEA’s Index of Consumer Technology Expectations (ICTE) jumped 4.9 points to its highest September level in history.
“There were several key high-tech product announcements this month which served as an important catalyst for tech buying heading into the fourth quarter and the holiday shopping season,” Shawn DuBravac, CEA’s chief economist and senior director of research, said in a statement.
“This month’s measure of sentiment is at levels typically only seen during the height of the holiday buying season, an indication that consumers are likely to buy and spend more on tech in the weeks ahead.”