Green Did you know a TV, running 5 hrs a day, only uses $21.09 of electricity a year? http://t.co/p7Lgvi24
Video Gary Shapiro discusses the impact of government policies on the economy. http://t.co/KSVebGLZ
CEA Get the big picture with CEA's digital imaging benchmark http://sbne.ws/r/ahyp
Consumer Confidence Slips Again in February, According to CEA Indexes
Arlington, VA – 02/26/2013 – Consumer confidence in the overall economy and sentiment toward technology both fell again in February, according to the latest figures released today by the Consumer Electronics Association (CEA)®.
 
The CEA Index of Consumer Expectations (ICE), which measures consumer expectations about the broader economy, fell 2.7 points in February to 165.3. Consumer confidence in the overall economy declined for the second consecutive month.
           
“Consumer sentiment slipped again in February for both the overall economy as well as consumers’ appetite to purchase tech – though some of the latter drop is likely related to seasonal factors as well,” said Shawn DuBravac, CEA’s chief economist and senior director of research. “Despite wealth gains from national real estate values rising and equity prices continuing to climb, consumers remain subdued.”
 
The CEA Index of Consumer Technology Expectations (ICTE), which measures consumer expectations about technology spending, fell 5.6 points in February to 77.4.
 
“The two percent payroll tax increase that went into effect at the beginning of the year is likely starting to have an impact on consumer purchasing decisions,” said DuBravac. “Moreover, consumers remain concerned about U.S. fiscal policy as they attempt to internalize the potential impact from the impeding federal budget sequestration.”
 
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.
 
About CEA


The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $209 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at www.CE.org, www.DeclareInnovation.com and through social media.

Press Contacts:

Laurie Ann Phillips
703-907-7654
laphillips@CE.org

Samantha Nevels
Snevels@ce.org

Categories:  Public Policy & Government Affairs, CEA General, Market Research, Industry, Association, Tech Telecom Policy  — Tags:  CEA, "consumer confidence", Economy, sentiment




Events and Webinars
See More

<August 2014>
SunMonTueWedThuFriSat
27
28
29
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4
5
6

Journalist?

Receive customized RSS feeds delivered straight to your inbox. Select the beats that interest you!

Read More

Digital Answer Man Tour

CEA's Digital Answer Man Jim Barry visits media outlets annually, educating consumers on new products and trends. CEA members can add their products to the tour at no charge!

Learn More

Electronics Industry Business Directory