UK: Consumer confidence grows to seven-year high
UK consumer confidence in March grew to its highest level since August 2007, according to the latest figures released today (28 March).
GfK's UK Consumer Confidence Index increased two points to -5 this month, up from -7 in February. All five measures used to calculate the Index Score saw rises.
Nick Moon, managing director of social research at GfK, said the long-tern trend is "very strongly positive".
"Over the last year the overall index has risen by a massive 22 points - the biggest single-year rise since November 2008-Oct 2009, and there hasn't been a bigger one-year rise since July 1977- June 78.
"People are no on balance more positive than negative about their own financial prospects over the next year, and it is unlikely that anything announced in the recent Budget will reverse this."
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