CEA: Consumer Confidence Rose in July
Consumer confidence in the overall economy rose in July while confidence in the technology sector was flat. That's according to numbers released Tuesday by the Consumer Electronics Association.
The CEA Index of Consumer Expectations (ICE) rose 2.3 points in July, while the CEA Index of Consumer Technology Expectations (ICTE) dropped 0.3 points.
“News reassuring continued stimulus from the Federal Reserve coupled with stocks reaching record highs, likely influenced marginal increases in sentiment towards the overall economy,” Shawn DuBravac, CEA’s chief economist and senior director of research, said as part of the announcement.