PriceSCAN Press Release
4/8/09
LCD TV – 20 - 29 Inch Index Rises above End of 2008 Levels for The Second Time in 2009
PriceSCAN Vice President of Financial Products Daniel Fehder commented that the LCD TV – 20 - 29 Inch Index has seen an increase over the past two weeks that has pushed it again above the price levels seen at the end of 2008.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “The recovery of smaller, more affordable LCD televisions to end of 2008 prices indicates some strength in the budget-constrained consumer’s demand for less costly electronics. Seen in the context of recent price firming for Blu-ray players, wireless routers, and digital camcorders, this is one more piece of evidence that, at least for the moment, some combination of retail purchases and vendor restocking is pulling the consumer technology market out of freefall.”
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.
