UK: February consumer confidence holds seven-year high
UK consumer confidence was unchanged in February from the month before, the highest level since September 2007, according to the latest figures.
GfK's UK Consumer Confidence Index remained the same at -7 this month. Of the five measures used to calculate the Index Score, two measures declined, two measures saw increases, and one measure stayed at the same level.
Nick Moon, managing director of social research at GfK, said: "After the substantial six point rise in the Index last month, holding steady, rather than any form of correction, is good news.
"Just a year ago the Index stood at -26, so the current level is massively better. Taking the whole history of the Index from 1974, the current level is slightly ahead of the lifetime average of -9."
- Speed to market key to Adidas 2020 growth plan
- GAFTI gears up for change in apparel auditing
- SuperGroup to adapt sourcing model for speed
- Fast Retailing ramps up sustainability efforts
- Apparel software trends 2015: What else to watch?
- Transparency call for German apparel firms
- Strike at Adidas and Nike shoe factory in Vietnam
- Myanmar garments to benefit from export strategy
- H&M and Kering trial recycling technology
- Lululemon Athletica on “strong growth” track
- Global market review of workwear - forecasts to 2019
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Outdoor performance apparel: peaks, valleys, and green fields
- Apparel Retail: Top 5 Emerging Markets Industry Guide