CEA Credits Smart Watch ‘Enthusiasm’ for ‘Slight Uptick’ in Its Tech Spending Index for June
CEA partly credits “enthusiasm around shipments in the smart watch category” for the “slight uptick” in its index of consumer technology expectations for June, it said in a Tuesday announcement. The index, which measures consumer expectations about technology spending, increased…
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by 1.2 points from May to reach 87.8, it said. CEA’s separate index of consumer expectations, which measures consumer sentiment about the U.S. economy as a whole, increased two points from May to reach 175.7, it said. It’s further evidence that the economy “continues to edge forward after a slow start to the year,” CEA said. CEA expects the economy “will continue to pick up in the back half of the year given continuing encouraging employment news and increases in sales of existing homes,” it said.