Consumer sentiment toward the overall economy and technology spending reached record highs for the month of February, according to data released by the Consumer Electronics Association. The CEA Index of Consumer Expectations, which measures consumer expectations about the U.S. economy as a whole, increased 3.3 points from January to reach 181.2. Additionally, this month's ICE jumped 13.6 points year-over-year and reached its highest level for the month of February since the CEA Index began tracking in 2007. "U.S. economic growth is poised to sustain a run of above-trend growth over the next few quarters," said Chief CEA Economist Shawn DuBravac. "Desirable financial conditions continue to develop with improved household net worth, strengthening income and consumer spending growth. Employment gains are also adding to the jump in consumer confidence."
展开▼
