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Survey shows consumer confidence rising

UK consumers are at their most optimistic for nine years on the back of improving job prospects and low inflation, according to the latest report that suggests spending power is recovering. Market research company Nielsen said consumer confidence rose for the fifth successive quarter in the opening months of this year to hit its highest level since the pre-crisis days of 2006. The proportion of people feeling now was a good time to spend was also up and, at 45%, the highest since comparable records began in late 2006. The survey of over 500 people found 45% felt positive about their job prospects - an increase for the eighth consecutive quarter.

 

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