Confidence Mixed in June
CEA's monthly measure of consumer confidence was once again mixed in June, with confidence in technology rising, but confidence in the overall economy hitting a ten-month low.
The CEA Index of Consumer Technology Expectations (ICTE) rose one point over last month to 82.2. But the overall economic number, as measured by the CEA Index of Consumer Expectations (ICE) dropped four points to 160.1.
"Spending on tech is still holding up as interest grows in the tablet market, " Shawn DuBravac, CEA's chief economist and director of research, said. "With economic expectations down, consumers are deferring large durable purchases, which means they have some additional funds to allocate to consumer tech."