In April, the GfK NOP consumer confidence indicator tallied minus 3 points, which was up from the minus 5 points recorded in March. The print marked the highest level since June 2007, which suggests that the drag in confidence that began after the financial crisis may finally be waning and the prospect of economic recovery is pushing expectations up. April's figure was driven by improving expectations regarding the general economic situation; consumers were more optimistic regarding the previous twelve months and the next twelve months. Consumers' perceptions of their personal financial situations was unchanged over the previous month. Finally, consumer's willingness to buy big-ticket items reached the highest level since September 2007.
United Kingdom Consumer Confidence
Consumer confidence continues to improve in April
May 26, 2014
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United Kingdom Consumer Confidence Chart
Note: GfK NOP Consumer Confidence Index.
Source: The GfK Group.
United Kingdom Economic News
October 21, 2016
Following nearly four months of little or no news regarding formal negotiations with the European Union, in early October, Prime Minister Theresa May finally shed some light on the Brexit timeline and announced that Article 50 of the Lisbon Treaty will likely be triggered before the end of March 2017.
October 19, 2016
In September, jobless claims increased by 700 from the previous month, according to the Office for National Statistics (ONS).
October 18, 2016
In September, consumer prices increased 0.2% from the previous month, which came in below the 0.3% increase seen in the previous month.
October 8, 2016
In August, industrial production contracted 0.4% over the previous month in seasonally-adjusted terms, which contrasted the 0.1% increase recorded in July.
October 3, 2016
In September, the manufacturing sector recovered the ground it had lost after the EU referendum.