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U.k. Consumer Confidence Drops To 4-month Low

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And yet the Halifax say the sheeple are still willing to buy houses at the top of the market? :

March 8 (Bloomberg) -- U.K. consumer confidence fell to a four-month low in February as Britons became more pessimistic about the state of the economy and
less willing to spend
, a survey by Nationwide Building Society shows

It just does not fit a huge 1.4% monthly increase in HPI does it?

This is what Ellis of Halifax said in today's "news" frelease:

Chief economist Martin Ellis said, "The combination of improving economic growth, low interest rates and high employment will continue to underpin a healthy level of housing demand over the next few months."


Whereas the consumer confidence poll found:

It is difficult to take any comfort from the latest figures,'' Stuart Bernau, Nationwide's executive director, said in a statement. ``Bad news on jobs, retail sales, rising fuel and energy prices have all combined to undermine consumers' confidence.


Which report will the BBC headline? Which report reflects reality? Or are we getting the "good cop-bad cop" treatment?

Edited by Realistbear

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  • 312 Brexit, House prices and Summer 2020

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      • down 5% +
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      • Even
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      • up 5%

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