New High For Tech Consumer Confidence
The CEA/CNET measure of consumer confidence in the tech sector reached an all-time high in this month, while overall confidence hit an 18-month high.
The Consumer Index of Consumer Technology Expectations (ICTE) reached 93.7, an eight-point rise over November and the highest number in the nearly four-year history of the survey. The broader Consumer Index of Consumer Expectations (ICE), meanwhile, reached 174.7, its highest number since mid-2009.
December set a new high for tech spending sentiment, suggesting individuals closed out the holiday season with tech on their minds,” Shawn DuBravac, CEA’s chief economist and director of research, said as part of the announcement. “This late jump in tech sentiment suggests a strong holiday push for technology spending in December.”