"The Nationwide Consumer Confidence Index, in partnership with TNS".
Consumer confidence in the UK rose four points in October - increasing for the first time since December 2007, according to the findings of the Nationwide Consumer Confidence Index conducted by TNS. Nationwide attributes this rise to the actions taken by the Government and the Bank of England to support the failing financial markets.
The top line findings for October show:
Confidence in the current economic situation fell by 10 per cent during the month, with 75 per cent of Brits now thinking that the present situation is bad, and only 16 per cent still somewhat optimistic and hopeful of an imminent change for the better.
Consumers are also feeling increasingly gloomy about the jobs market, both now and for the future, with 41 per cent of consumers thinking there are few jobs available now, up from 35 per cent last month. Over half of Brits think that there will be few jobs available in six months time - an increase of 8 per cent from September.
However, the biggest uplift in confidence was due to consumers perceptions about the future. The expectations index, which reflects consumers' views on the economy in six months time, increased by 17 per cent last month.
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.