Nationwide Consumer Confidence

[Guest]

Latest release shows consumer confidence slightly lower, but close to all time low seen in Feb 2011.

[Pent Up]

Don't worry it's "stabilised"*

*just four points of the all time low.

[Cinzano Bianco]

This kind of spin is genius:

Small changes in the Index suggest some stability, but at a depressed level

[Guest]

Don't worry it's "stabilised"*

Indeed.... the downward trend is very stable....

2010

jan 69

feb 73

mar 83

apr 72

may 74

jun 65

jul 63

aug 56

sep 61

oct 53

nov 52

dec 45

2011

jan 52

feb47

mar 38

apr 44

may 43

[MC Fur Q]

Housing market expectations

• Consumers continue to show caution towards the housing market
• They expect the value of their homes to fall by 1.1% over the next six months. This compares to a decrease of 0.9% they expected in March 2011

So people's expectations of drops have accelerated by 22%!

[exiges]

Yep, the cat is dead.. Good news it's not getting deader !

[The Masked Tulip]

Thank goodness house prices are going up.

I look forward to the next Nationwide house price report - would be nice if a journalist questioned them how their consumer confidence report is going down but, possibly, their house price one is going up.

[scottbeard]

Thank goodness house prices are going up.

I look forward to the next Nationwide house price report - would be nice if a journalist questioned them how their consumer confidence report is going down but, possibly, their house price one is going up.

Not sure of your point: it's not going up - the last Nationwide figure was -0.2% MoM

[rantnrave]

Not sure of your point: it's not going up - the last Nationwide figure was -0.2% MoM

Stripping out the seasonal adjustment, it was actually up.

[rantnrave]

This kind of spin is genius:

No-one can accuse the media of talking this country back into recession, that's for sure.