Thursday, May 19, 2011
Caution in. Overpriced houses out.
Job and wage fears hit consumer confidence
Consumer confidence fell during April as people continued to worry about the state of the economy and the lack of jobs, research has indicated. Nationwide's consumer confidence index fell by two points during the month to stand at 43, just four points above the record low it sank to in February this year.
Posted by dill @ 09:20 AM (1592 views)
4 thoughts on “Caution in. Overpriced houses out.”
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khards says:
“Consumers also remain pessimistic about the state of the housing market, predicting that property values will fall by 1.1% during the coming six months, compared with an expected drop of 0.9% in March.
• TNS-RI questioned 1,002 people between March 21 and April 21.”
I guess none of the 1,002 people question were the ones marketing there houses 1% odd higher than last month?
dill says:
Nationwide survey for April 2011 now available (pdf).
khards says:
Ever since our Tesco set up a podium directly promoting credit in there electrical department I thought that the index might show a lower reading for confidence in spending on white/brown goods.
general congreve says:
Oh dear, less tax for the government then. Better get printing.