CEA: Consumer Confidence Climbs
ARLINGTON, VA.: Consumer
confidence in the economy climbed more than five points in September, according
the Consumer Electronics Association and CNET. Confidence in consumer
electronics rose slightly, by more than one point, the pair said.
The CEA-CNET Index of Consumer Expectations (ICE) rose more than five points in
September to 163.4. The ICE, which measures consumer expectations in the
overall economy, has rebounded in the past two months since the index reached
an all-time low of 157.3 points in July. The ICE remains down nearly six points
from this time last year.
“Consumers’ overall mood for an economic recovery is optimistic,” said Anne
Claudio, vice president of research at CBS Interactive. “This month’s index
showed an upswing from the summer, as families purchased school supplies like
clothing, backpacks and computers.”
The CEA-CNET tech index, which measures consumer expectations about technology
spending, is up 1.1 points from August. It’s down two points from this time