Gloomy New Year as shops predict slump December 20, 2011 RETAIL sales are higher now than the run-up to Christmas a year ago, the Confederation of British Industry’s (CBI) distributive trades survey showed yesterday – the first year-on-year rise since May. But the expansion is not expected to last, with sales set to fall again next month and consumer confidence dropping again, claims researcher GfK. [...]
MPC’s Fisher: Significant risk of a double dip recession in the UK October 27, 2011 A RECESSION may be on the way, Paul Fisher from the Bank of England’s monetary policy committee (MPC) warned yesterday, as new data revealed retail sales and consumer confidence are plummeting. The economy could “slide back approaching a recession, which is always possible with the sort of financial crisis overhanging,” Fisher told Bloomberg Television. In [...]
Consumer confidence hits four-month low September 21, 2011 Consumer confidence slipped to a four-month low in August as the economy remained in the doldrums, the monthly Nationwide survey showed – though the building society said it was a relief that the drop was not bigger. Many big English cities were hit by their worst rioting in decades last month, and global economic uncertainty [...]
Deeper gloom on high street August 30, 2011 CONSUMER confidence has sunk further on both sides on the pond, according to fresh data. A widely-regarded measure of sentiment on the UK high street was confirmed this morning at 13 points below its level at the same time last year. The GfK NOP consumer confidence index — which slipped to a score of -31 [...]
Consumer confidence declines in July July 29, 2011 UK consumer confidence has fallen sharply in July and is now languishing at one of the lowest levels on record as people fretted over the economy’s future. Think tank GfK NOP said its consumer confidence index fell to -30 in July, the second large fall after a slump to -25 in June from a five-month [...]
Retailer woe compounded by poor sales July 28, 2011 RETAIL sales collapsed in June and July according to a business survey released yesterday, while a separate poll this morning shows British consumer confidence sinking again, following brief respite in May. Before this year, lower morale on the high street had only been recorded twice in the history of the GfK NOP consumer confidence index [...]
Consumer morale drops in June June 30, 2011 Consumer confidence slipped in June as a boost from the royal wedding and a run of sunny May bank holidays gave way to harsher economic realities. The GfK/NOP consumer confidence index fell four points to -25 this month, giving back almost half of June’s near-record 10 point rise. All five categories in the index registered [...]
UK consumer confidence slumps again June 29, 2011 SQUEEZED household incomes prompted a sharp drop in consumer confidence in June, while appetite to take on debt remains weak according to separate data released by the Bank of England yesterday. After an uptick in morale from extra bank holidays in April and May, the GfK NOP consumer confidence index slipped back to -25, with [...]
German consumer sentiment rises June 28, 2011 Morale on the German high street is set to rebound in July, with the GfK consumer confidence index edging up from 5.6 to 5.7, reversing four months of declines. The turnaround is partly due to a 2.5 per cent drop in fuel prices in June, economists at ING said yesterday. However, German consumer price index [...]
High street morale surges May 26, 2011 MORALE on the British high street took a huge leap in May, recording the second sharpest rise of all time, the GfK NOP consumer confidence index revealed today. People reported a boost to their confidence over personal finances and the general economic outlook. The last time the headline index accelerated this fast was in May [...]