In October, the consumer confidence index produced by the Nationwide Building Society (NBS) fell 1 point over September to 52 points, which marked the lowest level in over 18 months. Consumer sentiment has been falling almost uninterruptedly after peaking in February, which points to a poor recovery in private consumption going forward. October's moderate drop was driven by a more negative assessment regarding the economic outlook for the next six months. However, on a positive note, respondents were slightly more upbeat about the current economic situation. Furthermore, respondents were also less pessimistic at assessing the present time as appropriate to make major purchases, such as buying a house or a car.
United Kingdom Consumer Confidence
Consumer confidence continues to slide
November 12, 2010
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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.