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Consumer Confidence Edges Higher

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Consumer confidence edges higher

(UKPA) – 6 hours ago

Consumer confidence edged up during March as Britons became slightly more optimistic about the outlook for the economy, research indicates.

Nationwide recorded a nine point jump in its expectations index, as nearly one in five people said they thought the economy would be in better shape in six months' time.

But 38% of those questioned said they thought the economic situation would still be bad, while 63% worried that there would be few jobs available six months' down the line.

People also continued to be pessimistic about the current economic situation, with 70% saying they thought it was bad, although this was down from 75% in February.

A further 68% of consumers also said they did not think there were many jobs available at the moment.

The increase to the expectations index helped lift the group's overall consumer confidence index by five points to stand at 44, up from a record low of 39 in February.

But despite the improvement, the figure was still the second lowest level since March 2009, and half the long-term average of 80.

Nationwide also cautioned that with the economic recovery appearing sluggish, confidence was unlikely to improve significantly during the coming months.

Robert Gardner, Nationwide's chief economist, said: "It is far more likely that confidence will remain subdued for several months yet until the economy gains greater momentum.

"Energy price movements and interest rate expectations are likely to play a key role in shaping confidence over the coming months."

http://www.google.com/hostednews/ukpress/article/ALeqM5gZkPmY7vYhUJZnRKIpfJYO7YVcsw?docId=N0572741302702456027A

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Funny that consumer confidence and CBI realized sales improved in March whilst according to the BRC retails sales plunged. Considering the assault on the public with every piece of negative data splashed on the front page, whilst anything positive either dismissed or ignored, this is fairly surprising.

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Funny that consumer confidence and CBI realized sales improved in March whilst according to the BRC retails sales plunged. Considering the assault on the public with every piece of negative data splashed on the front page, whilst anything positive either dismissed or ignored, this is fairly surprising.

It's a subtle organised media campaign against interest rate rises. There was a big piece in the the daily mirror yesterday about how inflation 'fell' ??

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http://www.nationwide.co.uk/NR/rdonlyres/B03043A0-A4BC-45B7-B50B-DDC9D069F79C/0/NCCI_March2011.pdf

People expect the value of thier houses to fall 0.9% over the next 6 months. Up from a reading of -1.1% in February.

51% of people say now is a bad time to buy a house (or car) down from 54% in Feb. 23% say it's a good time to buy, up from 17% in Feb.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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