Tag: consumer

Ireland lowers VAT rate on number of goods

Ireland lowers VAT rate on number of goods

Ireland has slashed its VAT rate on a number of goods, including restaurants, hospitality and tourism in a bid to boost the economy and get consumers spending again. The country’s Government lowered the rate from 13.5% to 9% on 1 July and it will remain until December 2012. The new rate will mean slightly lower [...]

July 4, 2011 | 1 Comment More
UK consumer confidence dips in June

UK consumer confidence dips in June

A survey of 2,000 individuals, conducted between June 3 and 12, has revealed a fall in consumer confidence. According to the survey of consumer attitudes, carried out by GfK NOP Social Research, confidence dipped by 4 points to -25 in June after May’s 10 point rise, which represented the biggest increase since May 1993. The [...]

June 30, 2011 | 0 Comments More
Bellway encouraged by rise in sales

Bellway encouraged by rise in sales

Newcastle-based housebuilder Bellway has today said an uplift in consumer confidence has led to a rise in sales. The housebuilder, which is the fifth largest by market value, said it had experienced a sales rate of 111 units per week in the four months to the end of May – 9% higher than the same [...]

June 10, 2011 | 0 Comments More
UK consumer confidence falls in April

UK consumer confidence falls in April

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 [...]

May 19, 2011 | 0 Comments More
Sainsbury’s hit by tough trading environment

Sainsbury’s hit by tough trading environment

March 23, 2011 | 0 Comments More
UK consumer confidence remains weak

UK consumer confidence remains weak

A survey conducted between February 4 and 13 revealed a slight rise in consumer confidence. According to the survey of consumer attitudes, carried out by GfK NOP Social Research, confidence rose one point to minus 28 - an improvement on January’s fall which represented the biggest since the last recession in 1992. However, the reading [...]

February 25, 2011 | 0 Comments More
Consumer spending fears hits retailers

Consumer spending fears hits retailers

According to the latest Confederation of British Industry (CBI) distributive trades survey, retailers are concerned about consumers tightening their purse strings amid rising inflation. The CBI’s survey established that the sales balance fell to +6 this month from +37 in January - far below expectations of a +30 reading. Furthermore, retailers expect sales growth to [...]

February 24, 2011 | 0 Comments More
Japanese consumer confidence up in January

Japanese consumer confidence up in January

Japanese consumer confidence grew for the first time in seven months in January, the Cabinet Office said today. The closely-watched consumer sentiment index climbed to 41.1 in January, from 40.1 in December. The figures suggest consumers are now more optimistic about the economic prospects after all four sub-indices of the sentiment index saw an improvement [...]

February 9, 2011 | 0 Comments More
German consumer confidence dips, surprising analysts

German consumer confidence dips, surprising analysts

Consumer confidence in Germany, which is the euro zone’s largest economy, has fallen after six months of sharp gains, according to the GfK research group. GfK said its consumer climate indicator fell to 5.4 for January from 5.5 in December. The fall from the forward looking indicator, which questioned around 2,000 people, surprised some analysts. [...]

December 21, 2010 | 0 Comments More
Consumer confidence remains at low level

Consumer confidence remains at low level

A survey showed today consumer confidence remains at low levels with the GfK NOP December consumer confidence index unchanged at -21. While it was marginally better than the -22 expected by analysts, it is two points lower than this time last year. Meanwhile, the survey’s “climate for major purchases” index surged ahead by 10 points, [...]

December 21, 2010 | 0 Comments More
Forthcoming VAT hike could boost Christmas sales

Forthcoming VAT hike could boost Christmas sales

The British Retail Consortium (BRC) has revealed some optimism among retailers for the Christmas period. Many believe the Christmas period will be no worse than last year - despite consumers being fearful of the Government’s spending cuts and unemployment. According to the BRC’s snapshot of 17 major retailers, which represents up to 51% of the [...]

December 13, 2010 | 0 Comments More
US consumer confidence creeps up in October

US consumer confidence creeps up in October

US consumer confidence edged higher in October to 50.2, from a revised 48.6 in September. The reading from the closely-monitored Consumer Confidence Index from the Conference Board beat expectations of a level of 49.2. However, while the index rose slightly, it remains far away from the 90 points required to show that the world’s largest [...]

October 26, 2010 | 0 Comments More
Credit card interest could be capped

Credit card interest could be capped

As part of a crackdown on credit cards and store cards, the Government is considering capping interest rates in a bid to get the consumer a fairer deal. Following the Government’s review into consumer borrowing, Consumer Minister, Edward Davey, and Financial Secretary to the Treasury, Mark Hoban, have asked industry experts for their views as [...]

October 17, 2010 | 0 Comments More
Bovis: Consumers hit by spending cuts and tax hikes

Bovis: Consumers hit by spending cuts and tax hikes

Housebuilder Bovis Homes has today claimed the coalition Government’s spending cuts and tax hikes have dented consumer confidence. Its claim comes as the company reported a pre-tax profit of £3.5 million in the first half of 2010, compared with a loss of £8.6 million for the same period last year, Meanwhile, it added it planned [...]

August 23, 2010 | 0 Comments More
UK consumer confidence plunges to 15-month low

UK consumer confidence plunges to 15-month low

The latest survey from the Nationwide Building Society has revealed a further fall in UK consumer confidence for the month of July. The building society’s consumer confidence index plunged from 63 in June to 56 last month - the lowest level since May 2009, due to the Government’s tough austerity measures. The Nationwide said the [...]

August 11, 2010 | 0 Comments More
Companies making “real progress” in profit rebuilding

Companies making “real progress” in profit rebuilding

According to a study by professional services firm Deloitte, 76% of companies in the UK, US and Europe have exceeded City forecasts when reporting their second quarter profits. As a result of the findings of the study which looked at 543 firms, Deloitte said companies are making “real progress” but warned that consumer incomes and [...]

August 9, 2010 | 0 Comments More
Euro zone economic sentiment surges in July

Euro zone economic sentiment surges in July

The euro zone received a boost today after a report revealed business and consumer confidence surged to its highest level since March 2008. Confidence in the 16-member nation rose to 101.3 in July, up from a revised 99 in June, according to the European Commission’s economic sentiment index. However, the Commission highlighted that the rise [...]

July 29, 2010 | 0 Comments More
Russian Q2 growth expands 5.4% on year

Russian Q2 growth expands 5.4% on year

Russia’s economy improved in the second quarter of 2010 after figures showed growth of 5.4% compared with the same period a year ago. Economic growth has been driven in the three month period by rising consumer demand, according to the country’s deputy economy minister, Andrei Klepach. In the first quarter, GDP expanded 2.9% from the [...]

July 27, 2010 | 0 Comments More
UK consumer confidence plunges to lowest level in a year

UK consumer confidence plunges to lowest level in a year

The latest survey from the Nationwide Building Society has revealed a further fall in UK consumer confidence for the month of June. The building society’s consumer confidence index plunged from 66 in May to 63 in June - the lowest level for a year, due to ongoing economic uncertainty. However, the Nationwide highlights that the [...]

July 14, 2010 | 0 Comments More
Australian consumer confidence takes another dive

Australian consumer confidence takes another dive

A survey by Westpac bank and the Melbourne Institute has revealed that Australian consumer confidence took another dive in June. The study, which questioned 1,200 people, found that consumer morale in June fell by 5.7% to a reading of 101.9 and followed a 7% drop in May. The fall was attributed to global economic worries [...]

June 9, 2010 | 0 Comments More