CE Retail Confidence Roars Back with Largest Single-Month Gain in December
The year is going out on an exceptionally high note for the consumer electronics retail industry. According to the results of our latest Dealerscope CE Retail Confidence Index (DS Index) survey, CE retailers reported a confidence gain for the third month in a row. This time, though, retailers’ confidence grew at a rate that hasn’t been seen in the history of the DS Index survey.
For December, CE retailers scored a 199.175, the second highest total in the survey’s history. The DS Index score rose nearly 13.6 points from November, which represents the single-largest month-over-month gain in the survey’s history.
What’s encouraging to note is that the confidence score, in just three months, has more than erased the hole it sank into over the summer and into the early Fall months. On a year-over-year basis, the December confidence score is actually more than 7 points higher than it was in December of 2016 (192.145).