Consumer confidence stabilising says Nationwide

The Nationwide Consumer Confidence Index for August says confidence remained virtually unchanged in August at 100 down from 101 in July but up significantly on the 95 for June. Behind the latest figures lies an interesting trend, according to the building society, in that current confidence levels fell while expectations of the future improved. Stuart Bernau, Nationwide’s executive director, says: “With only a marginal reduction in August consumer confidence appears to have stabilised. Consumers’ fears about the future, which pushed the index down in May and June, faded in July causin...