Consumer confidence upbeat for summer

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Consumer confidence rose by two points in April, suggesting the public have come to terms with the recent rate rises by the Bank of England, says Nationwide.

In the latest Nationwide Consumer Confidence Index, in partnership with TNS, the firm says in April consumer confidence rose to its highest point since October 2006, with a two point increase to 90 – above the three month average of 88. Nationwide points out this is the fourth consecutive rise in the confidence, and suggests consumers have accepted the three recent interest rate rises and are more upbeat going into the summer months. And the Expectation Index also saw a two point rise to 91, as the survey of a 1,000 people suggests confidence about the future economic and employment sit...

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