Consumer confidence in the economy climbed more than five points in September, according to figures recently released by the Consumer Electronics Association (CEA) and CNET. Confidence in consumer electronics rose 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. However, the ICE is down nearly six points from this time last year.
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Please read our other articles, 1099 Earners Can't Get Home Loans Thus Aren't Buying Home Theater Systems, Consumer Confidence in Economy and Tech Drops, According to CEA-CNET Indexes, Is Cheap the New Green? Not For Long in this Economy, and The AV Business is Cautiously Optimistic About the Economy in 2010.
"Consumers' overall mood for an economic recovery is optimistic," said Anne Claudio, vice president of research at CBS Interactive. "This month's index showed an upswing from the summer, as families purchased school supplies like clothing, backpacks and computers."
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. Unfortunately, this is still 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. CEA and CNET have been tracking index data since January 2007.
