In March, the GfK NOP consumer confidence tallied minus 5 points, which was up from the minus 7 points recorded in February. The print marked the highest level since August 2007, which suggests that the drag in confidence that began after the financial crisis may finally be waning. The print overshot market expectations of the index increasing to minus 6 points. March's figure was driven by an across-the-board improvement; all the categories that make up the index registered improvements. The largest increases were tallied in consumers' expectations regarding their personal financial conditions and the general economic conditions in the last 12 months. FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.3% in 2014, which is unchanged over last month's estimate. For 2015, the panel sees private consumption expanding 2.1%.
United Kingdom Consumer Confidence
Consumer confidence returns to pre-crisis levels
March 28, 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.