Consumer Confidence in Technology Continues to Rise, According to Latest CEA-CNET Indexes.CEA-CNET Index of Consumer Expectations Also Up ARLINGTON, Va. -- The CEA-CNET Indexes increased for the month of August, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. figures released today by the Consumer Electronics Association (CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) )[R] and CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. (www.CNET.com). The Indexes are comprised of the CEA-CNET Index of Consumer Expectations (ICE) and the CEA-CNET Index of Consumer Technology Expectations (ICTE ICTE International Conference on Technology and Education ), the first-ever measure of consumer expectations in technology and consumer electronics (CE). Consumer confidence in technology continues to strengthen. The ICTE reached 84.4 in August, up nearly four points from 80.7 in July. It is the third consecutive month the index has risen and marks the highest level it has reached since February. It is also the first time since March the index has increased on a year-over-year basis. August results also show consumers are more inclined to purchase technology and plan to spend more on technology in the months ahead. "While there remain significant risks to the downside Downside The dollar amount by which the market or a stock has the potential to fall. Notes: You might hear someone say that the downside on stock XYZ is $10. What that means is that the stock could fall by this amount if things got bad. in the broad economy, we are beginning to see subtle, positive shifts in consumer sentiment," said Shawn DuBravac, CEA's economist. "Consumer electronics remain a vital part of people's everyday life and an increasing appetite for technology is especially encouraging as we head into the fourth quarter and the holiday shopping season." Overall consumer confidence in the economy is also improving. The ICE hit 165.5 in August, an uptick Uptick A transaction occurring at price above its previous transaction. In order for an uptick to occur, a transaction price must be followed by an increased transaction price. of more than three points from 162.2 in July and the highest it has been since March. However, the ICE remains nine points below the same time last year. While the outlook for the broad economy has changed little for individuals, August figures indicate consumers expect to be better off financially in the months ahead. "The back-to-school period is crucial for many CE manufacturers and retailers, so it is an encouraging sign that consumer sentiment remained strong in August," said Claudia Haase, director of research at CNET. "The overall economy may be facing headwinds but consumers appear optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the laptops, MP3 players A digital music player that supports the MP3 format, which was the audio format that started a revolution in online music downloads and distribution. All portable music players, the iPod being the most popular, support MP3 along with one or more other audio formats. and cell phones that have become indispensable for today's students." The CEA-CNET Indexes will be updated on a monthly basis through consumer surveys. New data is released on the fourth Tuesday of each month. CEA and CNET have been tracking index data since January 2007. To find current and past indexes, charts, methodology and future release dates, log on to www.CEACNETindexes.org. About CNET: CNET (www.CNET.com), a property of CBS (Cell Broadcast Service) See cell broadcast. Interactive, is where people go to discover the latest in tech and consumer electronics. Driven by a trusted voice and a passionate community, CNET creates an open environment for people to find and use the best products to fit their lifestyle. The powerful combination of CNET's award-winning news, lab-tested product reviews, safe and spyware-free downloads, and user-generated content The production of content by the general public rather than by paid professionals and experts in the field. Mostly available on the Web via blogs and wikis, user-generated content refers to material such as the daily news, encyclopedias and other references, movie and product reviews as give people information and inspiration to live and thrive in a life gone digital. About CEA: The Consumer Electronics Association (CEA) is the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae trade association promoting growth in the $173 billion U.S. consumer electronics industry. More than 2,200 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion and the fostering of business and strategic relationships. CEA also sponsors and manages the International CES - Where Entertainment, Technology and Business Converge con·verge v. con·verged, con·verg·ing, con·verg·es v.intr. 1. a. To tend toward or approach an intersecting point: lines that converge. b. . All profits from CES are reinvested into CEA's industry services. Find CEA online at www.CE.org. Follow the 2009 International CES on Twitter A Web site and service that lets users send short text messages from their cellphones to a group of friends. Launched in 2006, Twitter (www.twitter.com) was designed for people to broadcast their current activities and thoughts. at http://twitter.com/2009CES and visit the International CES Page on Facebook. UPCOMING EVENTS < < -- CEA Industry Forum < < October 19-22, 2008, Las Vegas, NV < < < < -- Digital Hollywood < < October 27-30, 2008, Hollywood, CA < < < < -- EHX Fall 2008 < < November 4-7, 2008, Long Beach, CA < < < < -- CES New York Press Preview featuring CES Unveiled @ NY < < November 11, 2008, New York, NY < < < < -- Future of Television East < < November 18-19, 2008, New York, NY < < < < -- CES Unveiled: The Official Press Event of the International CES < < January 6, 2009, Las Vegas, NV < < < < -- 2009 International CES < < January 8-11, 2009, Las Vegas, NV < < < < -- Digital Music Forum East < < February 25 - 26, 2009, New York, NY < < < < -- Digital Patriots Dinner < < April 22, 2009, Washington, DC < < < < -- CEA Washington Forum < < April 22 - 23, 2009, Washington, DC |
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