CEA/CNET: Slight Gain in Consumer Confidence
While consumer confidence in technology has dropped since this time last year, it actually rose slightly in November from the previous month. That's according to the latest numbers from the CEA-CNET Index of Consumer Expectations.
The index reached 170.0 in November, a gain of 6.3 points from October's record low.
“Consumers are feeling slightly more confident that the economy will improve in the months ahead, although much uncertainty remains,” CEA economist Shawn DuBravac said as part of the release. “The additional stimulus from gas prices moving back down nearly two dollars a gallon and a new administration set to take office has consumers more positive about the direction of the economy over the next 12 months. Holding back consumer confidence, however, is concern over the employment outlook as consumers continue to worry about jobs.”