Consumer confidence rises again - Economy - News - Moneyfacts


Consumer confidence rises again

Consumer confidence rises again

Category: Economy

Updated: 26/02/2010
First Published: 26/02/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Consumer confidence improved again during February, with sentiment on both general and personal circumstances healthier than it was in January.

The GfK NOP consumer confidence index rose by three points this month, following on from January's two point increase. In the last 12 months, the index has climbed by some 21 points.

"The Government will be pleased to see the overall index continuing to rise, and only one point short of its recent peak," said Nick Moon, managing director of GfK NOP social research.

Figures showed that, as well as an improvement in the general mood of the public, the perception of other areas of the economy improved during February.

The index showing the personal financial situation over the next 12 months registered a two point gain since January and has risen from -8 to six in the last year.

The view of the general economic situation over the coming 12 months has also improved. In February 2009, the index showed a score of -40; that score is now in positive territory at four – an increase of six points in the last month.

Views on the general economic situation over the past 12 months improved, with the index showing a seven point rise in the last month.

"It is significant that, for the second month running, the biggest gains in individual elements of the index were for the view of the economy in general over the last and next 12 months," observed Mr. Moon.

Find the best savings account for you - take a look at our best sellers savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Base rate remains unchanged in surprise decision

Earlier today, the Bank of England’s rate setting committee announced that it had voted decisively to keep base rate on hold at its record low of 0.5%. But what does it mean for you?

Budget 2016 – an overview

Well, George Osborne has just revealed the Budget for 2016 – his eighth so far as Chancellor – and as ever, there were some winners and losers from the whole thing. Below is a quick overview of the key points.

What does a US Fed rise mean for the UK?

The US Federal Reserve has decided to raise interest rates, and although you may not think that financial events happening in the US will have much of an impact on UK soil, you may be surprised…