Consumer confidence in the UK has risen to
its highest level in almost six years as signs of an economic recovery spurred
consumers to spend. .
The September consumer sentiment index by GfK rose 3 points from August to minus 10, the highest since November 2007. Its gauge based on whether consumers think now is the right time to make major purchases also climbed to the highest since 2010.
“Whether the current economic recovery is real or will prove to be a credit-fueled bubble, this continuing steady growth in confidence looks like good news for the government,” said Nick Moon, Managing Director of Social Research at GfK.
GfK’s index of households’ outlook for the economy jumped 4 points to 3, the highest since February 2010. The measure of people’s assessment of their financial situation over the next year rose to 1 from zero. The gauge for major purchases rose 2 points to minus 14 and is 17 points higher than a year earlier.
The September consumer sentiment index by GfK rose 3 points from August to minus 10, the highest since November 2007. Its gauge based on whether consumers think now is the right time to make major purchases also climbed to the highest since 2010.
“Whether the current economic recovery is real or will prove to be a credit-fueled bubble, this continuing steady growth in confidence looks like good news for the government,” said Nick Moon, Managing Director of Social Research at GfK.
GfK’s index of households’ outlook for the economy jumped 4 points to 3, the highest since February 2010. The measure of people’s assessment of their financial situation over the next year rose to 1 from zero. The gauge for major purchases rose 2 points to minus 14 and is 17 points higher than a year earlier.
NamNews - Friday 27th September 2013
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