In February, the GfK NOP consumer confidence index was stable at January's minus 7.0 points, the highest level since September 2007. The figure was in line with market expectations. February's figure was driven by a deterioration in households' views of their personal finances in the last 12 months, which was offset by an improvement in their assessment on the general economic activity over last year. In addition, consumers' sentiment regarding the general economic situation over next 12 months remained unchanged compared to January. 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 stable in February
February 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.