Thursday, October 5, 2006
Consumer confidence still down
The Nationwide Consumer Confidence Index partially recovered following its dramatic 11 point fall in August. The index rose by 6 points in September taking it up to 89, but it is still below its two year average of 98. All four consumer Confidence Indices improved in September, suggesting that the slump seen in August was a general response to the bad news seen that month which included the surprise rate change.