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Business and Consumer Confidence: Key Economic Indicators

Published Thursday, August 31, 2017

Business and Consumer Confidence: Information on business and consumer confidence surveys, which is generally released ahead of official statistical data and can indicate changes to the economic outlook as well as turning points in the economic cycle.

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Confidence surveys, with information generally released ahead of official statistical data, can indicate changes to the economic outlook as well as turning points in the economic cycle.

European Commission Economic Sentiment Indicator

The European Commission conducts regular harmonised surveys for different sectors of EU member states’ economies.

Between July and August 2017, the overall UK sentiment index fell back by 3.6 points to 109.6, just above June 2017’s figure of 109.3.

CBI Industrial Trends Survey

The CBI carries out monthly and quarterly Industrial Trends surveys.

In August, more manufacturers thought that output would rise over the next three months than thought it would fall. The difference was +30% of manufacturers. The figure was +28% for the previous 3 months.

GfK NOP Consumer Confidence Survey

GfK NOP’s Consumer Confidence Index measures a range of consumer attitudes, including forward expectations of the general economic situation and households’ financial positions, and views on making major household purchases.

In August, the overall consumer sentiment index was -10, up 2 from -12 in July.

UK consumer confidence

Commons Briefing papers SN02817

Author: Philip Brien

Topics: Consumers, Economic situation, Manufacturing industries

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