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| GfK NOP Points To Rise In Consumer Confidence |
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| Written by Mark Dawson |
| Tuesday, 16 December 2008 10:37 |
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New figures reveal the nations financial outlook has improved. It's reported that the wide economy and Brits opinions with regards to their financial situation has improved slightly compared to October, reported in GfK NOPs latest consumer confidence index. The index reported 35 in November a rise of one point from the -36 reported in prior month's research. However, 20 points below that recorded in November 2007. A rise in confidence was noted in peoples outlook on their personal finance situation for the year ahead, which rose two points from October to stand at -10. However, this figure is some 19 below that seen last November. GfK NOP reveals that the latest month-on-month improvement was driven by an increase across all five of the indices that make up the Consumer Confidence Index. Over the last 12 months, consumers opinions on their personal finance has improved by a point to -17, the same increase also reported for views on the state of the general economy. Such an index now at -71. Also, there has been a rise in optimism over Britain's general economic standing over the course of next year. This has risen one point since last month to -36 and now 25 below last November. In addition, it was shown that the index measuring whether consumers believe now is a good time to make a major purchase has increased by four points to -39. If looking for an effective way to finance a purchase, maybe a house or a car, then choosing a personal loan could be the solution. But, with all of the indices still reporting minus figures, it's most likely that many Brits still have concerns with regards to managing their outgoings over the coming months. Therefore it's possible that people are worried about keeping on top of their spending commitments such as store, credit cards and mortgage repayments. Rachael Joy, of GfK NOPs consumer confidence team, said: "The Consumer Confidence Index has improved marginally this month, but continues to languish at near record lows. UK consumers are still being battered by news about our poor economy in general and mounting concerns about job losses in particular. The dramatic cut in interest rates this month appears to have done little to improve sentiment so far, as UK consumers continue to fret over the impact of a looming recession. Consumers are treading water and waiting for the economy to stabilise after what has been a turbulent few months." Findings from GfK NOP also revealed that fewer people think now is an ideal time to save. Although this index remains at a positive figure, at +4, it is a fall of five and 31 points from last month and November 2007 respectively. Those concerned about managing their finances over the coming months and with the countries outlook still largely negative, may want to consider taking out a loan. By doing this, various commitments can be covered quickly and affordably. Nationwide's independent study revealed earlier this month that the nations optimism rose from 51 to 55 over the course of October. About the Author: Mark Dawson writes for Loan-Arrangers where visitors can compare UK loans online. Then apply for one of our cheap loans or bad credit personal loans. Kindly provided by LJ-Marketing.dk You are welcome to use this article on your own website, if you include the link just before this text. |
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