|[February 26, 2013]
Consumer Confidence Slips Again in February, According to CEA Indexes
ARLINGTON, Va. --(Business Wire)--
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 (News - Alert) (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 indexe, charts, methodology and
future release dates, log on to CEAindexes.org.
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 (News - Alert) - The
Global Stage for Innovation. All profits from CES are reinvested into
CEA's industry services. Find CEA online at www.CE.org,
and through social media: https://www.facebook.com/#!/CEAfeed,
March 8-10, 2013, Snowmass, CO
CES on the Hill
April 16, 2013, Washington, DC
Digital Patriots Dinner
April 17, 2013, Washington, DC
Technology & Standards Spring Forum
May 20-24, 2013,
June 24-28, 2013, New York, NY
2013 CEA Industry Forum
October 20-23, 2013, Los Angeles,
CA (News - Alert)
17th Annual CEO Summit
23-25, 2013, Rancho Palo Verdes, CA
2014 International CES New York Press Preview
2013, New York, NY
2014 International CES
January 7-10, 2014, Las Vegas, NV
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