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CEA: Consumer Confidence Up In July, Tech Spending Flat

Arlington, Va. — Consumer confidence in the overall economy improved slightly, while sentiment towards technology spending remained flat in July, according to the latest figures released today by the Consumer Electronics Association (CEA).


“News reassuring continued stimulus from the Federal Reserve coupled with stocks reaching record highs, likely influenced marginal increases in sentiment towards the overall economy,” said Shawn DuBravac, CEA’s chief economist and research senior director.


“Sentiment towards tech spending remains level with last month,” said DuBravac. “Consumers continue to buy tech, but pent-up demand for other durable categories is placing pressure on technology spending.”

