Thursday, October 8, 2009

Consumer confidence levels rise in UK

Consumer confidence levels rise in UK – Warc News – Warc.

Whilst we (in the UK) remain at historically low levels in terms of consumer confidence, an Aug/Sept consumer survey by TNS (on behalf of Nationwide) has seen the confidence index rise six points in the last month.

The proportion of the sample who believed the current economic situation was “bad” also fell by 3%, to 69%, compared with the high of 86% recorded in February this year.

Some 39% of the panel argued the financial climate would improve in the next six months, up by 22% on the total who agreed with this statement at the start of this year.

Mark Saddleton, head of economic and market analysis at Nationwide, said “the substantial rise in positive sentiment seen … reflects widespread reports from various industry commentators recently suggesting that the worst of the recession is over.

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