New Record High For Consumer Confidence in TechDecember 19, 2012
The CEA Index of Consumer Technology Expectations (ICTE) rose to 97.3, jumping 9 points over November, to the highest level in the survey's nearly five-year history. The CEA Index of Consumer Expectations (ICE) also jumped 8.5 points over last month.
“Technology products are the most wanted gifts this holiday season, and we’ve seen a tremendous amount of activity, with several new product launches over the past few months,” Shawn DuBravac, CEA’s chief economist and senior director of research, said in a statement. “Consumers are increasingly dedicating a significant portion of their overall gift budgets to electronics, which has crowded out other categories for holiday gift spending.”