Track UK Nationwide Consumer Confidence to gauge spending trends, crucial for economic forecasts.
Consumer financial confidence serves as a key indicator of spending habits, which significantly influences overall economic activity. Please note that the source switched from a non-seasonally adjusted series to a seasonally adjusted one in July 2008 and stopped providing this data in June 2012.
What it Measures
This index reflects the level of consumer sentiment based on surveys.
Usual Effect
A higher 'Actual' reading compared to the 'Forecast' is favorable for the currency.
Source & Frequency
Nationwide Building Society (latest release) - https://www.nationwide.co.uk/ • Data is released monthly, approximately 13 days after the month concludes.
How Data is Derived
Survey of about 1,000 consumers which asks respondents to rate the relative level of current and future economic conditions
Also Known As
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Acronym
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