United Kingdom: Consumer confidence rises for first time in four months
September 28, 2012
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".