Wednesday, February 6, 2008

Setting the scene for the Great High Street Cull

UK consumer confidence hits low

Consumer confidence, as measured by a popular survey conducted by Nationwide, fell to its lowest level in January since May 2004 when it was first conducted. The number of people confident about the outlook for jobs fell to 36 per cent of those surveyed from 44 per cent last month, despite official data showing UK employment at record levels. Moreover, there is growing gloom over prospects for house prices, with a general expectation of a 0.2 percentage point drop in house values over the coming six months against an expectation of a 0.7 percentage point rise in December.

Posted by uncle chris @ 12:14 PM (512 views)
Please complete the required fields.



One thought on “Setting the scene for the Great High Street Cull

  • eyeoftheweasel says:

    I’d be pretty gloomy about those expectations for house prices too; I’d personally like to see them fall a lot more than that this year. Fortunately, I don’t agree with a 0.2% drop over the next 6 months and a 0.7% rise in December.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>