United Kingdom: Consumer confidence index reaches highest level in nearly 13 years
April 1, 2015
In March, the GfK NOP consumer confidence indicator improved from February’s 1.0 points to 4.0 points, which marked the highest reading since September 2002.
March’s figure was driven by an improvement in consumers’ expectations regarding their personal financial situation over the next 12 months. In addition, consumers’ perceptions regarding the general economic situation over the next 12 months were better compared to the previous month. Their willingness to make major purchases improved compared to February and reached the highest level since January 2007.
Author: Dirina Mançellari, Senior Economist