UK consumer confidence falls in April

| May 19, 2011 | 0 Comments
”UK

The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of April.

The building society’s consumer confidence index dipped to 43 last month, from March’s upwardly revised figure of 45.

The index remains just 4 points above February’s all-time low and is way below the index average of 81.

Nationwide attributed the fall to weak economic growth and rising inflation.

Commenting on the report, Robert Gardner, Nationwide’s chief economist, said: “Consumers are still feeling downbeat about the current situation and there is nothing to suggest that they expect things to improve much over the coming months.”

Meanwhile, the expectations index fell to 58 last month from 60 in March, while the spending index dived 5 points to a reading of 62.

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