In September, the GfK NOP consumer confidence index edged up to minus 28 points from minus 29 points in August. The figure, which was in line with market expectations, marks the first improvement in four months and represents the highest level since June 2011. The rise came in as a result of a modest improvement in the consumers' assessment regarding their financial situation over the next 12 months as well as on the general economic situation over the past year. The remaining three components, including the climate for making major purchases, were unchanged over August. GfK NOP stated that they remain cautions about the increase, and that they will "wait for next month's figures to see if there has been a real change in public mood and people are beginning to feel more secure economically just in time for Christmas or whether this is just an end-of-Summer blip".
United Kingdom Consumer Confidence
Consumer confidence rises for first time in four months
September 28, 2012
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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.