UK: Consumer confidence reaches seven-year high
UK consumer confidence is now higher than it has been since September 2007
UK consumer confidence grew to its highest level since September 2007 in January after falling for three consecutive months, new figures show.
GfK's UK Consumer Confidence Index rose six points to -7. The five measures used to calculate the Index score also saw increases this month.
Nick Moon, managing director of social research at GfK, said the growth "more than cancels out the recent falls", and is now higher than it has been since September 2007.
"All this is good news for the Government as the election starts to get within sight," Moon added. "Growing confidence should manifest itself in greater spending, but the somewhat anaemic retail sales figures for December suggest that the huge growth in the confidence index over the summer didn't lead to a similar growth in spending."
"It will be interesting to see, over the coming months, how the relationship develops between confidence, disposable income, and consumer spending."
- TPP: now the real fight starts
- Why TPP implementation is far from a done deal
- Private label sourcing faces range of pressures
- Cambodia leads US apparel import growth in August
- Common themes unite Inditex and H&M supply chains
- Update: Negotiators agree landmark TPP trade deal
- Cambodia sets new minimum wage at US$140
- Nike debuts new fabric for adaptive breathability
- Vietnam releases new textile dye regulations
- New Bangladesh labour rules draw union criticism
- Wearable technology: The future market potential for smart garments and e-textiles
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Outdoor performance apparel: peaks, valleys, and green fields
- Ethiopia – the emerging textile and clothing industry