The Nationwide Consumer Confidence Index rose by marginally in March, to suggest confidence appears to have stabilised in March, following a steady decline since November.
March saw the Nationwide Index rise one point to 95, with the other indices, of present situation, expectations and spending, either rising slightly or remaining stable, suggesting consumers remain cautious despite signs the economy is beginning to recover. Three of the four indices, compiled in partnership with TNS, have risen marginally in the last month, but all of them are still below their three month averages. Nationwide claims consumers’ views of the current economic and employment situation remain gloomy with the Present Situation Index having seen only a one point rise from the...
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