Tag: consumer confidence

Australia’s economy recovers in quarter two

Australia’s economy recovers in quarter two

September 7, 2011 | 0 Comments More
BRC: UK retail sales weak in August

BRC: UK retail sales weak in August

The British Retail Consortium (BRC) has today reported weak retail sales for August. According to the BRC, like-for-like sales (which exclude the impact of sales at new stores) fell 0.6% last month on an annual basis. Overall sales rose 1.5%, however, this was much lower than the 2.8% rise noted in August 2010. Commenting, Stephen [...]

September 6, 2011 | 0 Comments More
Obama administration downgrade US economic growth prospects

Obama administration downgrade US economic growth prospects

There have been fears of late that the US economy could fall back into recession this year but the Obama administration does not envisage this and is predicting growth of 1.7% this year – albeit 1% less than its forecast earlier this year. Official data from the Commerce Department show the economy grew by just [...]

September 2, 2011 | 0 Comments More
US house prices stabilising, consumer confidence dives

US house prices stabilising, consumer confidence dives

The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas fell in June on an annual basis, by 4.5% - albeit slower than the 4.6% drop in May. The figure was slightly better than the 4.6% decline expected by the market. The US housing market has remained subdued for some time now and many have [...]

August 31, 2011 | 0 Comments More
US retail sales up in July but confidence at 30-year low

US retail sales up in July but confidence at 30-year low

The Commerce Department has revealed a rise in US retail sales for the month of July. Sales grew 0.5% last month – the best reading since March and follows June’s upwardly revised figure of a 0.3% rise. The rise, which was better than forecasts of a 0.2% gain, was partly attributed to strong demand for [...]

August 13, 2011 | 0 Comments More
Survey reveals squeeze on households

Survey reveals squeeze on households

The British Retail Consortium’s (BRC) latest consumer confidence survey has revealed how consumer shopping habits have changed due to the Government spending cuts and the rise in the cost of living. According to the survey released by the BRC and Nielsen, almost one third of those questioned feel that they have no cash left over [...]

August 12, 2011 | 0 Comments More
UK consumer confidence dips further in July

UK consumer confidence dips further in July

A survey of 2,000 individuals, conducted between July 1 and 10, has revealed a fall in consumer confidence. According to the survey of consumer attitudes, carried out by GfK NOP Social Research, confidence dived by 5 points to -30 in July – edging closer to the -31 seen in April. The index was also worse [...]

July 29, 2011 | 0 Comments More
US new home sales fall in June

US new home sales fall in June

The Commerce Department has revealed sales of new homes in the US fell in June, suggesting the housing market remains depressed. According to the Commerce Department, new single-family home sales fell by 1% in June on a monthly basis to an annual rate of 312,000 units – lower than expectations of 325,000 units. Meanwhile, the [...]

July 27, 2011 | 0 Comments More
Nationwide: UK consumer confidence down in June

Nationwide: UK consumer confidence down in June

The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of June. The building society’s consumer confidence index lost 4 points to 51 last month, which reverses some of the 11 point rise seen in May, which represented one of the largest gains on record. The [...]

July 21, 2011 | 0 Comments More
UK consumer confidence up in May

UK consumer confidence up in May

The latest survey from the Nationwide Building Society has revealed a surge in UK consumer confidence for the month of May. The building society’s consumer confidence index rose 11 points to 55 last month – the biggest monthly increase in 5½ years, and takes the index to a five-month high. However, the index is still [...]

June 15, 2011 | 0 Comments More
US house prices on “downward spiral”

US house prices on “downward spiral”

The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas fell in March – the ninth consecutive monthly decline. According to the closely watched report, house prices were 0.2% lower in March on a monthly basis – albeit in line with forecasts. The index fell to 138.16, dipping below the 139.26 seen in April 2009 [...]

May 31, 2011 | 0 Comments More
UK consumer confidence surges in May

UK consumer confidence surges in May

A survey conducted between May 6 and 15 revealed a strong rise in consumer confidence. According to the survey of consumer attitudes, carried out by GfK NOP Social Research, confidence jumped to -21 from April’s two-year low of -31. May’s reading represents the biggest increase since May 1993 and surprised analysts who had expected a [...]

May 27, 2011 | 0 Comments More
Japan consumer confidence slumps further in April

Japan consumer confidence slumps further in April

The Cabinet Office has today revealed Japanese consumers continue to be pessimistic following the devastating earthquake and tsunami which hit the north east on 11 March. The consumer confidence index dived from 38.6 in March to 33.1 last month – much worse than the 36.7 expected by analysts. Meanwhile, all the four sub-components of households’ [...]

May 16, 2011 | 0 Comments More
German consumer confidence expected to fall further

German consumer confidence expected to fall further

Consumer confidence in Germany, which is the euro zone’s largest economy, is expected to fall further in May, according to the GfK research group. The market research company said its forward looking consumer sentiment index, based on a survey of about 2,000 people, will fall to 5.7 in May from April’s reading of 5.9. The [...]

April 27, 2011 | 0 Comments More
US consumer confidence falls in March

US consumer confidence falls in March

US consumer confidence fell in March after higher energy prices fuelled fears of inflation and consumers were hit by falling income expectations. The reading from the closely-monitored Consumer Confidence Index from the Conference Board dived to 63.4 in March from February’s three-year high of 72.0. The reading was below expectations of a fall to 65.0 [...]

March 30, 2011 | 0 Comments More
Markit: Household finances at two-year low

Markit: Household finances at two-year low

The Markit Household Finance Index has revealed that households are at their most pessimistic about their finances since March 2009 - when the country was in the midst of recession. The gloomy report comes ahead of Wednesday’s Budget - when Chancellor George Osborne will unveil the Government’s 2011/12 tax and spending plans. Meanwhile, Markit’s household [...]

March 21, 2011 | 0 Comments More
UK consumer confidence sinks to record low in February

UK consumer confidence sinks to record low in February

The latest survey from the Nationwide Building Society has revealed a severe decline in UK consumer confidence for the month of February. The building society’s consumer confidence index plunged to 38 in February - a fall of 10 points and the lowest level since records began in May 2004. The latest fall means confidence is [...]

March 18, 2011 | 1 Comment More
UK consumer confidence takes a knock in January

UK consumer confidence takes a knock in January

The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of January after rising in December. The building society’s consumer confidence index plunged to 47 in January from 54 the previous month - just 6 points above the record low of 41 and way below its [...]

February 16, 2011 | 0 Comments More
UK consumer confidence hit by VAT hike

UK consumer confidence hit by VAT hike

A survey conducted between December and January revealed a sharp fall in consumer confidence. According to the survey of consumer attitudes, carried out by GfK NOP Social Research, confidence plunged by 8 points to -29, the biggest fall since the last recession in 1992. The research company highlights that the figure was the lowest since [...]

January 28, 2011 | 0 Comments More
UK consumer confidence bounces back

UK consumer confidence bounces back

The latest survey from the Nationwide Building Society has revealed an improvement in UK consumer confidence for the month of December after three months of falls. The building society’s consumer confidence index rose to 53 in December, up from 45 in November - which represented the lowest reading since March 2009 - when the economy [...]

January 18, 2011 | 0 Comments More