Consumer Confidence Toward Tech Spending and Overall Economy Retains High Levels in the New Year

The CEA Indexes are updated on a monthly basis through consumer surveys.

Arlington, Va., January 27, 2015 - Consumer sentiment toward technology spending and the overall economy shows strong readings for January after record highs in December, 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, increased 0.3 points in January to reach 88.9. This month's level is 5.2 points higher year-over-year for the month of January.

"Momentum from the holiday season is spilling into the new year, with consumer confidence toward technology spending retaining the record-high levels established last month," said Shawn DuBravac, Ph.D., chief economist, CEA and author of CEA's recently released book and New York Times best-seller Digital Destiny: How the New Age of Data Will Transform the Way We Work, Live, and Communicate.

Overall Economy

The CEA Index of Consumer Expectations (ICE), which measures consumer expectations about the broader economy, fell 2.2 points from December to 177.9. However, this month's ICE jumped 10.6 points compared to January last year.

"The higher-than-normal economic sentiment is buoyed by low gasoline prices and a conducive economic environment for the consumer in the new year," said Dr. DuBravac.

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 $223 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 the International CES - The Global Stage for Innovation. All profits from CES are reinvested into CEA's industry services. Find CEA online at CE.org

Featured Product

PureLink - HCE III TX/RX: 4K HDR over HDBaseT Extension System w/ Control and Bi-Directional PoE

PureLink - HCE III TX/RX: 4K HDR over HDBaseT Extension System w/ Control and Bi-Directional PoE

The HCE III Tx/Rx HDBaseT™ extension system offers full HDMI 2.0 compliance supporting HDR (High Dynamic Range) and 4K@60Hz with 4:4:4 chroma sampling. Featuring PureLink's proprietary Pr©cis codec, a light compression technology, the HCE III can transport Ultra HD/4K, multi-channel audio, and High Dynamic Range (10 bits support) content over a single CATx cable. The HCE III provides HDMI extension up to 130 feet (40 meters) at Ultra HD/4K and up to 230 ft. (70 meters) at 1080p over category cable with embedded multi-channel audio, CEC pass-through, bi-directional RS-232 and IR control, and PoE - all with zero loss and zero noise. The HCE III Tx/Rx also supports Dolby TrueHD, Dolby Digital Plus and DTS-HD Master Audio plus LCPM (up to 192 kHz). Additionally, the low profile "slim box" enclosure design make the HCE III ideal for limited space installation environments, such as behind flat panel displays and video walls.