Following months of drops, overall consumer confidence in the U.S. economy rose a half a point in August, while confidence in consumer technology dropped slightly, according to the monthly CEA/CNET confidence measures.
The CEA-CNET Index of Consumer Expectations (ICE) rose half a point to 157.8, while the CEA-CNET Index of Consumer Technology Expectations dropped 2.2 points, but the number remained higher than the same period the year before.
“Individuals remain concerned about their own financial wellbeing,” Shawn DuBravac, chief economist and director of research for CEA, said as part of the announcement, “but the multi-month slide in consumer sentiment, which touched all-time lows in the index, appears to be subsiding.”
