CEA Touts Consumer Confidence
Despite all of the nation’s recent economic woes, consumer confidence has actually increased this month. That’s according to figures released late last week by the Consumer Electronics Association, in conjunction with CNET.
The index also found that while confidence is down slightly for the electronics/technology sector, it is nevertheless higher than it was the same period last year, according to the The CEA-CNET Index of Consumer Expectations (ICE.)
“Despite the uncertainties presented by financial markets over the last few weeks, consumers continue to have a positive financial outlook,” CEA’s economist, Shawn DuBravac, said as part of the release of the numbers. “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.”
September marks the third straight month that confidence has increased, according to CEA’s methodology.
For more information on the statistics, visit www.CEACNETindexes.org