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Home» Economy » UK consumer confidence rises for the first time since October

UK consumer confidence rises for the first time since October

Posted by admin - March 10, 2009 - Economy

Consumer confidenceNationwide’s Consumer Confidence Index rose by two points to 43 – the first rise since October last year. This is an indication that more consumers think it’s a good time to make major purchases, says the building society. In light of the recession, businesses are cutting the costs of their goods and services to try and increase revenue.

Falling house prices and bigger discounts on new cars may well have affected this, but it remains to be seen how quickly this sentiment will lead to larger numbers of transactions given the current economic climate.

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