Connect with us

Hi, what are you looking for?

New Products

Consumer Confidence Continues to Increase

516958.jpg

CEA-CNET Index of Consumer Technology Expectations Remains Elevated

Consumer confidence in the economy increased in September, according to figures released today by the Consumer Electronics Association (CEA) and CNET (www.cnet.com). It marks the third consecutive month where consumer confidence improved. Consumer confidence in technology was down slightly from last month, but remains higher than the same period last year.

The CEA-CNET Index of Consumer Expectations (ICE) reached 172.0 in September, marking the third consecutive month of positive growth. The ICE grew six and a half points from August and saw a ten point jump from the all-time low set in July. The growth in September is the second highest reached this year. The ICE hit 178.6 in February.

“Despite the uncertainties presented by financial markets over the last few weeks, consumers continue to have a positive financial outlook,” says Shawn DuBravac, CEA’s economist. “Consumer sentiment responds most quickly to the uncertainties and risks consumers directly face. With two months of consecutive declines at the gas pump, consumers are expressing a bit of relief about their financial future.”

While overall consumer confidence climbing in September, confidence in technology and consumer electronics (CE) remained flat. The CEA-CNET Index of Consumer Technology Expectations (ICTE) fell to 83.2, just off from last month’s total of 84.4. The small decrease ends three consecutive months of positive growth. The ICTE, however, still remains more than two and a half points higher than this time last year.

“The consumer technology industry continues to remain a bright spot in the overall financial market,” says DuBravac. “Consumers continue to prove that consumer electronics are a vital part of their every day life. In fact, consumer spending on technology currently represents the highest level of spending on durable goods in nearly 50 years of historical data.”

The ICE and ICTE comprise the CEA-CNET Indexes, which are updated on a monthly basis through consumer surveys. New data is released on the fourth Tuesday of each month. CEA and CNET have been tracking index data since January 2007. To find current and past indexes, charts, methodology and future release dates, log on to www.CEACNETindexes.org.

Read Full Report (pdf)

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest Products

AudioQuest Brave Heart Speaker Cable

Audio Cables

ZERO-Tech speaker cables capable of advanced noise reduction and precise timing for high-end audio systems deserving of geekery loud on specs, quiet on sense.

Ortofon MC X10, X20, X30, X40 Phono Cartridges Ortofon MC X10, X20, X30, X40 Phono Cartridges

New Products

Ortofon’s new MC X Series cartridges bring high-end quad-coil tech and precision tracking to challenge Hana, Dynavector, and Goldring at every price point.

OePhi Lounge Series 2 and 2.5 Loudspeakers in Oak OePhi Lounge Series 2 and 2.5 Loudspeakers in Oak

Bookshelf Speakers

OePhi Lounge Series Loudspeakers aim to prove high levels of musical performance don't have to cost a fortune.

GIK Acoustics Sound Block StackPack Promo Image GIK Acoustics Sound Block StackPack Promo Image

A/V Furniture & Accessories

GIK Acoustics’ Sound Block StackPack includes a trio of modular acoustic panels that can be free standing or wall mounted.

Hisense C2 Ultra Lifestyle Laser Projector Mounting Positions Hisense C2 Ultra Lifestyle Laser Projector Mounting Positions

New Products

At $2,499 the versatile Hisense C2 Ultra lifestyle 4K projector offers optical zoom, built-in JBL speakers, gaming features and more.

A.bsolument Vintage Bluetooth Radios Collage A.bsolument Vintage Bluetooth Radios Collage

New Products

A.bsolument turns your dusty old radio into a Bluetooth beauty with French savoir-faire—because even your granny’s relic deserves to sound magnifique, not like a...

Gift Ideas?

Amazon Prime Day is July 8-11, 2025

Daily Deals

Amazon Prime Day is a four-day shopping event from July 8-11, 2025 offering the biggest discounts of the year on consumer electronics.

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers