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Uk Consumer Confidence Falls In July For First Time In Six Months

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British consumer confidence fell for the first time in six months in July, a survey from researchers GfK NOP showed on Thursday, the latest sign that Britons are feeling less upbeat about the economic recovery. GfK NOP's headline consumer confidence index fell to -2 in July from 1 in June, which had been the first positive reading in the survey in nearly 10 years.


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30 October 14:

Consumer confidence falls at fastest rate for four years

Worries about job security and household finances push survey results to lowest level since the end of last year


Tick up - on the survey

Up on last year, but concern about the weightings in GDP. Got to keep the spending going... those banging the credit cards into debt are just spending savers money; our savings are their possessions/fun/lifestyle.. and if it goes wrong and velocity falls, debtors deserving to be given our savings, as they were spending to help the economy yes.

Exports fail to rebalance GDP as business investment falls sharply

Published: 22:04, 26 November 2014

[..]But exports dropped 0.4 per cent and business investment fell 0.7 per cent, although it was still up 6.3 per cent on a year earlier.

The figures, from the Office for National Statistics, dented hopes that the UK economy is rebalancing away from domestic spending to investment and trade.

David Kern, chief economist at the British Chambers of Commerce, said the recovery ‘remains on track’ despite the slowdown from the second quarter.

Yet there are some points of concern in the detail,’ he added. ‘In particular the slight fall in business investment is disappointing. However, the most concerning aspect of these figures is the widening trade deficit, as exports fell and imports rose.

[..]Jeremy Cook, chief economist at the currency experts World First, said: ‘Overall growth is still pretty strong. Unfortunately it is the make-up of this growth that has given us some cause for concern.

‘Seeing consumer spending increase is all well and good. Consumer spending makes up around 70pc of the UK economy, so without it we would be in dire straits. It is what’s missing that is the issue.’


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