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."
- Nike reaffirms US production commitment
- Levi Strauss raises the bar on sustainability
- Gap and H&M back Myanmar path to labour reform
- H&M faces margin pressure on dollar impact
- Can the Gap brand reclaim its iconic status?
- Myanmar minimum wage set at US$3.2 per day
- Far Eastern to invest $323m in Vietnam textile hub
- China cotton stockpile auction may shake up market
- Fast Retailing supplier continues strike talks
- Over 8,000 children in Delhi garment industry
- Global market review of lingerie - forecasts to 2020
- World Textile and Apparel Trade and Production Trends: The EU - May 2015
- Wool in the 21st Century: new prospects for a familiar fibre
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Myanmar's Garment Sector - Opportunities & Challenges in 2015