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UK deficit overshoots forecasts by £4.1bn; consumer confidence lifts – business live
UK government borrowing hit £10.7bn in February, while the GfK Consumer Confidence Index rose to -19 from -20 in MarchWe also have GFK Consumer Confidence showing another uptick in morale.The index rose for the second month in a row, edging upwards to -19 from a measure of -20. The new reaching represents a three-month high but is still below the survey’s long-run average of -10.We are still below the long-term average of -10. If consumer confidence were a patient languishing in a hospital bed, a doctor would say there is little evidence of a recovery as yet. Where do we go from here?The current stability is to be welcomed but it won’t take much to upset the fragile consumer mood. Continue reading...
UK government borrowing hit £10.7bn in February, while the GfK Consumer Confidence Index rose to -19 from -20 in March
We also have GFK Consumer Confidence showing another uptick in morale.
The index rose for the second month in a row, edging upwards to -19 from a measure of -20. The new reaching represents a three-month high but is still below the survey’s long-run average of -10.
We are still below the long-term average of -10. If consumer confidence were a patient languishing in a hospital bed, a doctor would say there is little evidence of a recovery as yet. Where do we go from here?
The current stability is to be welcomed but it won’t take much to upset the fragile consumer mood. Continue reading...
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