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Consumers Optimistic About the Future PDF Print E-mail
Written by TNS   
31 Jul 2007

Consumer confidence in the UK rose in July - despite the interest rate hikes, severe flooding and failed terrorist attacks -reflecting positive expectations about the future, according to the findings of the Nationwide Consumer Confidence Index conducted by TNS.
 
The top line findings for July show:

  • Consumers views on the future are improving, with the Expectations Index rising three points from 93 to 96. This comes mainly on the back of people feeling optimistic about the future economic situation and fewer people feeling pessimistic about the economic and employment situation in six months time.
  • Consumers are positive about current and future employment prospects, with 57% of people believing that there are many jobs available at present. This is up from only 47% five months ago.
  • Confidence in the future economy has increased, with 14% of people believing the UK economic situation will be better than today in six months time.

The Consumer Confidence Index uses 100 as its baseline figure - the level of consumer confidence in May 2004.  All indice figures reflect an increase or decrease in confidence in relation to the benchmark of 100.

 
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