United Kingdom: Consumer confidence remains steady in February
February 28, 2013
In February, the GfK NOP consumer confidence index remained stable at minus 26 points. The figure came in above market expectations, which had the index inching down to minus 27 points.
Two out of the five main sub-categories that compose the index advanced in February, in particular the personal financial situation during the last 12 months, which edged up to the highest level in 20 months. Simultaneously, two sub-categories declined in the same month, most notably the climate for major purchases. Meanwhile, the general economic situation index over the next 12 months remained unchanged in February.
FocusEconomics Consensus Forecast panellists expect private consumption to expand 0.9% in 2013, which is unchanged over last month's estimate. For 2014, the panel sees private consumption expanding 1.5%.