Consumer confidence hits 2 year high

Graham_Devon

UK consumer confidence reached a two-year high in February, as sentiment was buoyed by the news that the country had exited recession, a survey has said.
The Nationwide said its consumer confidence index rose to 80 last month, its highest figure since January 2008, and double February 2009's figure.
The report said consumers were also now more confident about how the economy will develop as 2010 progresses

http://news.bbc.co.uk/1/hi/business/8546711.stm

Cleaver

Let me anticipate the two responses we'll see on here to this:

1) "This just shows that we're heading out of the mire. What good news."

2) "This just shows how the spin, VI and media bias effects the masses. Fools."

Really2

Forecast was a drop to 71
http://www.forexfactory.com/calendar.php

Looks like they might be stopping people going on the double dipper.

Graham_Devon

Don't know where my text went that I added! But basically said I posted this because we talked not long ago about how coming out of recession would alter sentiment out there.

Seems it does indeed alter sentiment.

chucky

this is positive news but we'll only know where we are after a few months of these kind of figures

System

Cleaver wrote: »

Let me anticipate the two responses we'll see on here to this:

1) "This just shows that we're heading out of the mire. What good news."

2) "This just shows how the spin, VI and media bias effects the masses. Fools."

Wow, way to ruin all the fun.

abaxas

So the snow has gone away, the weather has improved and people have started spending. *

* apart from those who are losing their jobs.

Really2

Graham_Devon wrote: »

Don't know where my text went that I added! But basically said I posted this because we talked not long ago about how coming out of recession would alter sentiment out there.

Seems it does indeed alter sentiment.

One problem though GD you constantly say the BBC and nationwide a VI spin.:D

If it was down (like forecast) they would say something else like only 0.1% GDP forecast weighed heavy on peoples minds.

Graham_Devon

Really2 wrote: »

One problem though GD you constantly say the BBC and nationwide a VI spin.:D

And here we go...

Can you define "constantly" really?

abaxas

Graham_Devon wrote: »

And here we go...

Can you define "constantly" really?

I dont think the BBC spins anything, they just dont question the data.

Ie they are a proxy.

System

Graham_Devon wrote: »

And here we go...

Can you define "constantly" really?

Perhaps he should have said "often" or "frequently"