United Kingdom: Consumer confidence continues to improve in April
May 26, 2014
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.