Consumer Confidence Mixed Once Again
The Consumer Electronics Association's monthly measure of consumer confidence was a split verdict again, with confidence rising for the tech sector but dropping overall.
CEA found that the CEA Index of Consumer Technology Expectations (ICTE) rose 3.2 points in April, while the CEA Index of Consumer Expectations (ICE) dropped 6.9 points.
"Technology sentiment rose this month despite wavering confidence in the overall economy,” sShawn DuBravac, CEA’s chief economist and senior director of research, said as part of the announcement. “Technology spending is also up over the year. Both individuals and households report at least a 35 percent increase in spending on CE products over the past 12 months."