CFD brokers see further fall in consumer confidence
July 30th, 2010Confidence among UK consumers fell again in July, raising fears the country will fall into a double-dip recession.
There was a three point fall on the latest GfK NOP Consumer Confidence Index month, taking it to -22 points.
And Nick Moon, managing director of GfK NOP Social Research, warned this has increased the likelihood the country will fall back into recession, as the index is usually a good measure of future economic performance.
CFD brokers have now seen the index fall for five months in a row and are unlikely to react favourably to news respondents’ confidence in both their personal financial situation and the general economy for the next year has fallen.
GfK NOP is not the only body to record a dip in consumer confidence. Earlier in the months, lender Nationwide said its index dropped to 53 points in June.
It is now 21 points off the interim high reached in February.
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