Optimism in the UK economy is lifting consumer confidence, according to the latest findings form GfK NOP
Positive sentiments about the general economic situation in this country combined with improving personal finances is driving the index higher.
Carol Bernasconi, Divisional Director at GfK NOP commented: “Consumers are shrugging off the factors associated with falling confidence levels, such as increasing levels of personal debt and looming interest rate hikes, and are looking forward with renewed optimism. Undoubtedly, FTSE levels not seen since February 2001 and the average house price reaching £200k have helped to influence this positive outlook, and the noticeable change in mood this month is that better times lie ahead.”
The full press release relating to this is available here to download here: http://www.gfknop.co.uk/content/news/news/CCBpressrelease_Oct2006.doc
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