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Uk Consumer Confidence 'in Sharp Fall'


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http://www.bbc.co.uk/news/business-11526175

Consumer confidence is now at its lowest level for more than a year, the Nationwide building society has said.
Its monthly Consumer Confidence Index fell to 53 for September, down nine points from August.
Nationwide said sentiment had been hit by fears about the government's forthcoming spending review, which is expected to cut public sector jobs.

Rate rise off! QE back on!

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Martin Gahbauer, Nationwide's chief economist, said he expected consumer confidence to remain "volatile" until the full impact of the government's spending cuts was known.

I always thought volatile meant erratically movements up and down. But after reading recent reports such as this and several house price reports it appears that I was mistaken and volatile actually means eratic movents downwards!

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I always thought volatile meant erratically movements up and down. But after reading recent reports such as this and several house price reports it appears that I was mistaken and volatile actually means eratic movents downwards!

We don't have erratic movements upwards, any movement upwards is good.

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