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."
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