Arlington, Va. - Consumer confidence in technology hit a new high for 2011, but similar confidence in the overall economy fell to an all-time low, the Consumer Electronics Association (CEA) reported today.
The CEA's Index of Consumer Technology Expectations (ICTE) rose to 91.2 this month, the highest level since December 2010. This is up two points from October and 12 points higher than November 2010. The ICTE measures consumer expectations for technology spending.
The 91.2 is out of a possible 200 points.
The CEA Index of Consumer Expectations (ICE) did not perform as well. It fell to 156.6, out of a possible 300, in November. This is down three points from October and 10 points from November 2010. This is the lowest level since the CEA began tracking this statistic in 2007.
The ICE measures consumer's broader expectation out of the entire economy.
Shawn DuBravac, CEA's chief economist and research director, placed some of the blame for the low ICE score on the failure of the Congressional Super Committee to come to a debt reduction compromise.
"Consumers remain uncertain about the near-term and long-term viability of the U.S. economy," he said.