CONSUMER ECONOMIC CONFIDENCE UNCHANGED IN FEBRUARY, ACCORDING TO LATEST CEA-CNET INDEXES

24.02.09 - 16:40 ... source : Consumer Electronics Association - CEA

... Anticipated Spending on Consumer Electronics Continues to Drop Arlington, Virginia 2/24/2009 Consumer confidence in the overall economy was virtually unchanged in February, according to figures released today by the Consumer Electronics Association (CEA)® and CNET (www.CNET.com). Despite positive growth in certain categories, such as digital displays, the CEA-CNET Indexes also show that consumer expectations about technology spending continue to fall. The CEA-CNET Index of Consumer Expectations (ICE) reached 166.4 in February, which is relatively unchanged from January, when the index measured 166.6. The index is down over 12 points from this time last year. "We are now 14 months into the recession, and consumers remain anxious about the future," said Shawn DuBravac, CEA's economist and director of research. "Unemployment continues to rise and the two key sources of financial wea ...» Next (HTML)