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Consumer confidence rises

Consumer confidence rises

Category: Economy

Updated: 27/02/2009
First Published: 27/02/2009

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 has increased slightly this month, although figures are still significantly down compared to 12 months ago.

Research firm GfK NOP's Consumer Confidence Index has risen to -35, up two points from January's figure of -37. Comparative figures from 12 months ago set consumer confidence at -17, 18 points higher than at present.

However, encouragement can be taken from the figures showing that confidence in the general economic situation for the next 12 months has risen eight points and confidence in personal household finances over the next 12 months has increased six points.

"We saw an uplift in consumers' views of both their personal situation and the general economy over the next 12 months," said Rachel Joy of the consumer confidence team.


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