CE Sales Rose Seven Percent in May
Sales of consumer technology in the U.S. jumped seven percent in the month of May over the same period the year before, thanks to the arrival of economic stimulus checks, the Wall Street Journal reported Wednesday, citing statistics from the NPD Group.
Year-to-date sales remain off of 2007’s levels, however, and May was the first month to post a gain over the same time the year before. In addition, NPD predicted “challenging conditions” in the year’s second half.
Posting strength were such market segments as flat-panel TVs, digital cameras, and portable media players. However, sales later in the year may be hurt now that customers have already purchased the products and will no longer have the checks in hand.