News > Blog

April Slide Doesn’t Hinder Consumer Sentiment on Tech and Overall Economy


Shawn DuBravac, Ph.D., Staff Economist, Consumer Technology Association

Despite April’s slip in consumer confidence, the draw back in spending we saw in the first quarter will continue to improve in the coming months.
 
Overall Economy
The latest CEA index figures that track consumer expectations about the broader economy slid by 2.7 points in April. The first quarter’s weather certainly hindered an already tepid economic recovery and April’s sentiment numbers are likely still reflecting that.
 
Tech Spending
Additionally, by most accounts, the first quarter was tough for the tech industry. The CEA Index that measures consumer expectations about technology spending also decreased by 2.7 points. Yet, as the economy continues to improve in the second quarter, I expect confidence towards technology spending will follow suit.
 
CEA analysts are available to discuss recent company earnings announcements and industry trends. To schedule a call, please contact Danielle Cassagnol.
 
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. To find current and past indexes, charts, methodology and future release dates, log on to CEAindexes.org.
 
 

Related