By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Arlington, Va. - Consumer confidence in technology spending increased in June, while confidence in the broader economy declined, according to the latest figures released today by the Consumer Electronics Association (CEA).
Both remain lower year over year, CEA said.
The CEA Index of Consumer Technology Expectations (ICTE), which measures consumer expectations about technology spending, increased 6.2 points in June to 86.5.
“Consumers showed increased interest in tech spending from the prior month,” said Shawn DuBravac, CEA’s chief economist and senior director of research. “In the last month there have been several major consumer tech announcements, including product launches and upgrades.”
The CEA Index of Consumer Expectations (ICE), which measures consumer expectations about the broader economy, declined six points in June to 165.5. The ICE is 4.9 points lower than June of 2012.
“While there are growing signs of economic improvement, we’ve also seen increased volatility in the financial markets led by the Federal Reserve’s recent communications,” said DuBravac.
The CEA Indexes comprise the ICE and ICTE, both of which are updated on a monthly basis through consumer surveys. New data is released on the fourth Tuesday of each month. CEA has been tracking index data since January 2007. To find current and past indexes, charts, methodology and future release dates, log on to CEAindexes.org
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.