Consumer confidence rises - Economy - News - Moneyfacts


Consumer confidence rises

Consumer confidence rises

Category: Economy

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

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 It is now over 6 months old so the content may be out of date.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.

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 Any products featured may be withdrawn by their provider or changed at any time.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…