By Daniel Hunter
GfK’s UK Consumer Confidence Index has decreased by one point this month to -27, signalling a marginal drop in the levels of [b]consumer confidence[b] for April.
"After three months of stability the next move of the Index was always going to be important," Nick Moon, Managing Director of Social Research at GfK, said.
"A move up would suggest that the Index had indeed 'paused for breath' after its rise at the end of 2012 and was still heading in the right direction. But instead the fall back, even though by only one point, implies the recovery in confidence has stalled, and real recovery looks a long way away."
The Index measuring changes in personal finances during the last 12 months has decreased by four points this month to -24; this is one point lower than April 2012.
The forecast for personal finances over the next 12 months has decreased one point this month to -7; this is six points higher than this time last year.
The measure for the general economic situation of the country during the last 12 months has increased one point to -53; this is four points higher than April 2012.
An expectation for the general economic situation over the next 12 months has increased one point this month at -26; this is seven points higher than this time last year.
The major purchases measure has decreased by two points this month to -25; this is five points higher than this time last year.
The ‘now is a good time to save’ Index, has stayed the same this month at -23, which is five points lower than April 2012.
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