Consumer confidence remains positive in October 13Apr

Consumer confidence remains positive in October

According to the data from YouGov and Centre for Economic and Business Research (Cebr), the Index of Consumer Confidence stood at 109.3, up from 108.7 in the month of September and marking the highest score since March.

“Consumer confidence continues on its upward trend. While more number of people than not expect to be worse off in a year’s time, that gap has narrowed,” according to YouGov head of reports Stephen Harmston.

Further to this, more business activity seen by the employees. The news is offset somewhat by house owners and believes that the value of their properties has decreased.

Consumer confidence yet to return to pre-referendum levels, confidence over forward looking household finances has jumped to 94.0 from 92.3 highest since September 2016.

This contrasts from the CBI with today’s sales figures. It shows a level of decline which is not seen since 2009.