Professional Services

Consumer confidence has risen

Data from Nielsen shows consumer confidence has risen for a seventh consecutive quarter to its highest level on record. Households were more positive about their finances than they have been in the past nine years, with the proportion of respondents who believe that the UK is in recession at its second lowest level (47%) since the question was first asked as part of the survey seven years ago. The UK index rose four points in the last three months, from 99 to 103. It's only the second time the index has been above the benchmark 100. The number of consumers positive about making purchases rose five points to 49% and those positive about their personal finances rose three points to a record high of 56%. The wider survey showed the global consumer confidence index stands at 99. In Europe the figure is 81, with Germany on 100 and Denmark leading the way across the continent at 109. The highest score around the world was felt in India, where the index was 131, followed by the US on 119. The lowest scores were registered in South Korea, Ukraine and Greece.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

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