Investing
Electronics Group Says Consumer Confidence Highest in Three Years
Published:
Last Updated:
The Consumer Electronics Association (CEA) reported that its Index of Consumer Expectations rose 4 points in January to 177.3. That’s the highest reading for the index since February 2008.
The index reached an all-time low in November, but has risen steadily since then. CEA’s chief economist noted, “Sentiment has improved by more than 13 percent in the past two months, which is a hopeful sign of consumer expectations for recovery in 2012.”
Consumer confidence in technology dropped 5 points in January, although the three-month average remains near an all-time high. Regarding enthusiasm for new tech products, the group’s economist said, “[E]xcitement remains high for the new and innovative tech products hitting the market this year.”
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.