Consumer Electronics Association (CEA) reported its index of Consumer Technology Expectations (ICTE) has increased by 4.1 points in July to reach 95.3, highest level since the 2012 holiday season and peak for that year. Another index by CEA, the index of Consumer Expectations (ICE), which measures consumer expectations about the broader economy is also increased by 0.6 points from last month to reach 171.3 in July, the highest level so far in 2014.
All this indicates growth in year-end holiday gadget shopping in 2014, which resulting in growth of semiconductor sales in consumer electronics domain. The hot products are said to be wearables and Ultra HDTV.
“The overall economic landscape is clearly improving,” said Shawn DuBravac, CEA’s chief economist and senior director of research “CEA’s sentiment is consistent with other economic data series coming in, showing the economy is firming and momentum is rolling forward.”