PriceSCAN Press Release
4/1/09
Digital Camcorder – HD Index Remains Flat in the New Year
PriceSCAN Vice President of Financial Products Daniel Fehder commented that the Digital Camcorder – HD Index has remained flat in the first quarter of 2009. Since the beginning of the new year, the index has declined only 2%, compared with an 8% decline during the holidays.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “We’ve noted stability and even price increases for several types of electronic goods that allow cash-strapped consumers to enhance stay-at-home entertaining, including digital camcorders, Blu-ray players and wireless routers. To the extent this support extends to somewhat higher end items, such as high-def camcorders, we may be seeing evidence of a slight increase in the willingness of buyers to spend. That said, even in the face of slack demand, a drawdown in inventory may also be bolstering tech prices for the moment. But such a drawdown may presage greater wholesale-level demand for manufacturing to replenish inventories, which would also be a welcome hint of recovery.”
About The PriceSCAN Manufactured Product Indices
The PriceSCAN Manufactured Product Indices are a set of 50 indices tracking a broad array of finished good prices at the retail level. The PriceSCAN indices are carried on Bloomberg's data service under the ticker symbol PRIC and are available on PriceSCAN.com’s website at http://www.pricescan.com/indices. PriceSCAN.com also makes available customized data packages for clients in the financial, technology and retail communities.
About the PriceSCAN.com Econometric Team
Dr. Jeffrey J. Trester is Co-CEO and Chief Economist of PriceSCAN. After graduating MIT and attending Yale for graduate studies in theoretical physics, Dr. Trester received his PhD in financial economics from the Wharton School. He has also served on the Philadelphia Federal Reserve Bank’s Business Council. Daniel C. Fehder is Vice President of Financial Products at PriceSCAN.com. A graduate of Harvard and University of Pennsylvania, he can be reached for comment at analytics {at} pricescan.com
About PriceSCAN.com, Inc
Founded in 1997, PriceSCAN.com is a comprehensive price and product comparison service. Millions of consumers a year have used PriceSCAN.com to bargain hunt. In addition to price comparison, PriceSCAN.com offers objective vendor ratings, a price focused technology blog, user reviews, price trend graphs, and email price target alerts.
