Consumer confidence falls again as fears over the recovery grow

first_img whatsapp Share Thursday 11 November 2010 7:41 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution KCS-content center_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap CONSUMER confidence fell for the fifth month in a row in October, according to the closely-followed Nationwide Consumer Confidence Index published today. The index dropped by one point over the month, meaning it now stands 32 points below its interim peak of 84 seen in February of this year. Nationwide attributed the drop in sentiment to continuing pessimism over the stability of the economic recovery, with its Expectations index – which measures how optimistic people are for the future – falling by four points to 70 – its lowest level in 19 months. Consumers also expressed a growing pessimism towards the housing market in October and now expect the value of their home to decrease by 0.9 per cent over the next six months. This compares to an increase of 0.1 per cent predicted in September.“The underlying anxiety around the strength and direction of the recovery appears to remain,” said Nationwide’s chief economist Martin Gahbauer.He said that fears over the impact of the changes announced in the Spending Review were mounting. Consumer confidence falls again as fears over the recovery grow Tags: NULLlast_img

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