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Consumer confidence still high
UK consumer confidence remained at the same high level last month as it did in October, according to the latest survey from the Nationwide.
The Nationwide's index held steady at 73 - the same level as in October. The index hit a record low in January this year when it dropped to just 45 points.
"Confidence remained stable for a second consecutive month in November, suggesting that consumer sentiment is holding steady at the end of a volatile year for the index. At the beginning of 2009 we saw consumer confidence drop to record lows, but we have since seen this index return to pre-recession levels, said Martin Gahbauer, Nationwide's Chief Economist.
Post Date: December 9th, 2009
The Nationwide's index held steady at 73 - the same level as in October. The index hit a record low in January this year when it dropped to just 45 points.
"Confidence remained stable for a second consecutive month in November, suggesting that consumer sentiment is holding steady at the end of a volatile year for the index. At the beginning of 2009 we saw consumer confidence drop to record lows, but we have since seen this index return to pre-recession levels, said Martin Gahbauer, Nationwide's Chief Economist.
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Post Date: December 9th, 2009
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