CE Confidence Jumped in September
CEA and CNET's monthly consumer confidence numbers delivered a mixed verdict for September, as confidence jumped in consumer electronics, while dropping slightly in the economy as a whole.
The CEA-CNET Index of Consumer Technology Expectations (ICTE) posted a six percent jump, to 83, the fifth rise in the last six months. Meanwhile, the CEA-CNET Index of Consumer Expectations (ICE) posted a 1.7 percent drop, to 169.3.
"The disposition of consumers towards spending on technology is improving at the right time for retailers and manufacturers with the holiday shopping season approaching,” Shawn DuBravac, CEA's economist and director of research, said as part of the announcement.