Arlington, Va, - Consumer confidence in the economy climbed more than five points in September, according to figures released today by the Consumer Electronics Association (CEA) and CNET.
Confidence in consumer electronics rose slightly, by more than one point, as well.
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, however, is down nearly six points from this time last year.
Consumers are also feeling more confident about technology. The CEA-CNET Index of Consumer Technology Expectations (ICTE), which measures consumer expectations about technology spending, is up 1.1 points from August. It's down two points from this time last year.
The CEA-CNET 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 and CNET have been tracking index data since January 2007.