CEA Finds Slight Decrease in Confidence
Both monthly measures of consumer confidence tracked by the Consumer Electronics Association dropped slightly in September, while remaining above average.
The CEA Index of Consumer Technology Expectations (ICTE) dropped 0.3 percent in September, while The CEA Index of Consumer Expectations (ICE) dropped 3.8 points.
"The strong interest in newly released products from industry giants this month appears to be having a positive effect on consumer sentiment towards tech spending,” Shawn DuBravac, CEA’s chief economist and senior director of research, said in a statement. “Expectations for solid growth in consumer spending over the back half of the year should support further spending on tech and optimism for the holiday selling season.”