UK DATA: Consumer Confidence Recovers Ground In August – Nationwide
–UK Nationwide Aug Consumer Confidence 61 vs 56 in Jul
–UK Nationwide Aug Expectations Index 84 vs 77 Prior
–UK Nationwide Aug Spending Index 98 vs 94 In Jul
–UK Nationwide Expectations Index Rises For 1st Time In 5 Months
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UK consumer confidence rallied in August, according to the latest
Nationwide Consumer Confidence Index Survey. Nationwide downplayed the
rise in the headline confidence index, noting it was being driven by
more upbeat expectations about future economic development. Commenting
on the data, Mark Saddleton, Nationwide’s head of economic and market
analysis said “While the indicators suggest the outlook may be starting
to look little brighter, faith in the present situation remains at a
low level.”