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News Tag: consumer confidence

November 23, 2012

Consumers reduced debts in October

by Jan Harris
Consumers reduced debts in October
Consumers focused on repaying personal loans and overdrafts in October according to the British Bankers Association. Continuing concern about economic conditions prompted consumers to make a net repayment of £207 million of unsecured debt, while lending to companies increased slightly. The fall in consumer confidence was reflected in a fall in retail sales during the month. There was a £219 million increase in ...




October 31, 2012

Consumer confidence hits six-month low

by Jan Harris
Consumer confidence hits six-month low
Although the UK has officially emerged from recession, consumer confidence fell to -30 in October from -28 in September, according to market researcher company GfK NOP. This is the lowest level of consumer confidence since April when the UK was in an economic slump. Analysts had expected the index to remain stable at -28. Respondents to the survey said they were pessimistic for ...




October 5, 2012

UK consumer spending higher in September

by Jan Harris
UK consumer spending higher in September
Consumer spending increased by 3 per cent in September compared with August, as people spent more on clothes and in hotels and restaurants. The figures, from Visa Europe's UK expenditure index which is compiled by Markit, represent the biggest increase since May 2009. The increased spending follows improvements in the job market which have boosted disposable incomes. Although in-store spending increased by ...




May 1, 2012

Average house price dipped in March

by Jan Harris
Average house price dipped in March
The average price of a house in England and Wales fell by 0.6 per cent to £160,372 in March according to new Land Registry figures. However, there were wide regional variations with prices falling by 1.8 per cent in London and 4.1 per cent in Wales, but increasing by 5.6 per cent in the North East. This contrasts with figures for the full ...




January 31, 2012

Personal debt falls by £377 million

by Jan Harris
Personal debt falls by £377 million
Economic uncertainty and the threat of another recession is causing consumers to take charge of their finances and cut back on debt according to the latest figures from the Bank of England. Personal debt, excluding mortgages, fell by £377 million in December, the biggest fall since records began. Howard Archer an economist at Global Insight said: “Consumer desire to get a ...




October 26, 2011

US consumer confidence slumps in October

by Kay Mitchell
”US
US consumer confidence slumped in October, the Conference Board has reported. The closely-monitored Consumer Confidence Index from the Conference Board dived to 39.8 this month from September’s reading of 46.4. Not only was the reading less than forecasts of a level of 46.0, it was the lowest since March 2009, when the US was in recession. Furthermore, the index remains far away from the ...




October 21, 2011

Nationwide: UK consumer confidence slips further in September

by Kay Mitchell
”Nationwide:
The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of September. The building society’s consumer confidence index fell for the fourth consecutive month, falling by 3 points to 45 in September – hovering dangerously close to the all-time low of 41. Furthermore, it is 10 points lower than this time last ...




October 20, 2011

ONS: UK retail sales up 0.6% in September

by Kay Mitchell
”ONS:
The Office for National Statistics (ONS) has today revealed UK retail sales beat forecasts in September, led by spending on electrical goods such as laptop computers. According to the Statistics Office, sales rose by 0.6% last month, reversing the 0.4% fall in August. Furthermore, the figure was 0.6% higher on an annual basis. Retail sales have been struggling over recent times as ...




September 27, 2011

US new home sales fall in August

by Kay Mitchell
”US
The Commerce Department has revealed sales of new homes in the US fell to a six-month low in August, suggesting the housing market remains depressed. According to the Commerce Department, new single-family home sales fell 2.3% in August to a seasonally adjusted annual rate of 295,000 units – the lowest level since February. The figure is now less than half the 700,000 ...




September 7, 2011

Australia’s economy recovers in quarter two

by Kay Mitchell
...




September 6, 2011

BRC: UK retail sales weak in August

by Kay Mitchell
”BRC:
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 Robertson, director general of the BRC, said: "The ...




September 2, 2011

Obama administration downgrade US economic growth prospects

by Kay Mitchell
”Obama
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 0.4% in the first ...




August 31, 2011

US house prices stabilising, consumer confidence dives

by Kay Mitchell
”US
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 suggested it is holding back ...




August 13, 2011

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

by Kay Mitchell
”US
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 electronics and appliance ...




August 12, 2011

Survey reveals squeeze on households

by Kay Mitchell
”Survey
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 once essential bills have been paid. 71% have changed ...




July 29, 2011

UK consumer confidence dips further in July

by Kay Mitchell
”UK
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 than a reading of -27 expected by ...




July 27, 2011

US new home sales fall in June

by Kay Mitchell
”US
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 figures come shortly after the National ...




July 21, 2011

Nationwide: UK consumer confidence down in June

by Kay Mitchell
”Nationwide:
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 index is still below the average of ...




June 15, 2011

UK consumer confidence up in May

by Kay Mitchell
”UK
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 below the average of 81. Last month’s surge ...




May 31, 2011

US house prices on “downward spiral”

by Kay Mitchell
”US
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 – when the economy was in the midst ...