Consumer Sentiment Toward Tech Spending Rises in July
July 30, 2015 | CEAEstimated reading time: 1 minute
Consumer confidence toward technology spending rose slightly in July and consumer sentiment toward the overall economy decreased slightly, according to the latest data released today by the Consumer Electronics Association (CEA).
Technology Spending
The CEA Index of Consumer Technology Expectations (ICTE), which measures consumer expectations about technology spending, climbed 0.6 points to reach 88.4 for July.
“Consumer sentiment toward tech spending continues its three-month streak, with another increase in July,” said Chris Ely, senior manager, industry analysis, CEA. “To some extent, we credit recent earnings announcements that smartphones performed well in the second quarter.”
CEA recently released its semi-annual report U.S. Consumer Electronics Sales and Forecasts, which finds smartphones continue their position as the leading sales category in the tech industry, with revenues expected to generate $54 billion in 2015 – a ten percent increase from last year.
Overall Economy
The CEA Index of Consumer Expectations (ICE), which measures consumer sentiment about the U.S. economy as a whole, decreased 1.9 points from June to reach 173.8. However, July’s ICE continues to track higher year-over-year since CEA Indexes began in June of 2007.
“Economic concerns abroad are likely behind the July dip,” said Ely. “However, there should be a second half of the year pick-up, as consumers are encouraged by an improving employment and wage landscape.”
The CEA Indexes are updated on a monthly basis through consumer surveys. New data is released on the fourth Tuesday of each month. 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 technology trade association representing the $285 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative and regulatory advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at CE.org,
Suggested Items
iNEMI Webinar: Humidity Robustness and Insulation Coordination for e-Mobility
03/27/2024 | iNEMIThis webinar is a follow-up to the recent Seminar on Humidity Robustness and Insulation Coordination for e-Mobility, organized by iNEMI and ZESTRON Europe and supported by the ECPE.
Electronics Industry Sentiment Rises in March
03/27/2024 | IPCIPC releases March 2024 Global Sentiment of the Electronics Supply Chain Report
Mycronic to Showcase More Versatile, High-productivity Assembly Solutions at IPC APEX EXPO 2024
03/27/2024 | MycronicMycronic, the leading Sweden-based electronics assembly solutions provider, will continue to respond to growing customer demand for high-flexibility, high-productivity solutions for zero-defect PCB assembly at IPC APEX EXPO 2024 in Anaheim, CA on April 9 - 11.
Don Dennison Appointed to Roll Out KIC’s Latest Thermal Analysis System Software in the Northeast
03/26/2024 | KICKIC, a renowned pioneer in thermal process and temperature measurement solutions for electronics manufacturing, is pleased to announce the appointment of PIT Equipment Services, LLC, led by Don Dennison, as its representative for New York, New Jersey, and Eastern Pennsylvania.
The Many Complexities of PFAS
03/26/2024 | Marcy LaRont, PCB007 MagazineIn its simplest definition, PFAS is a group of chemicals used to make fluoropolymer coatings and products that resist heat, oil, stains, grease, and water. Fluoropolymer coatings can be in a variety of products. Though this definition is not inaccurate, it can be misleading. Depending on who you ask, there are upward of 10,000 PFAS chemistries that can meet various definitions.