CEA and CNET's consumer confidence numbers went in two different directions again in June, as confidence in consumer electronics rose, but overall economic confidence dropped to the lowest level in nearly two years.
CEA-CNET Index of Consumer Technology Expectations jumped 11.2 points, which was attributed to both the launch of the new iPhone and new upgrades announced to gaming consoles at E3. However, the Index of Consumer Expectations dropped 1.4 points to 162.8, its lowest level since July 2008.
“The latest figures demonstrate consumers’ weariness over the overall economy,” Anne Claudio, vice president of research at CBS Interactive, said as part of the announcement. “As news programs continue to show the daily efforts to contain the Gulf of Mexico oil spill, consumers may be concerned about the impact to the affected area, as well as the overall country.”