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Business and Consumer Confidence: Key Economic Indicators

Published Wednesday, February 21, 2018

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 December 2017 and January 2018, the overall UK sentiment index decreased slightly by 0.7 points to 111.1, although this was still above November 2017’s figure of 108.2.

CBI Industrial Trends Survey

The CBI carries out monthly and quarterly Industrial Trends surveys.

In February, more manufacturers thought that output would rise over the next three months than thought it would fall. The difference was +16% of manufacturers, down from +25% in January and a similar level as in December.

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 January, the overall consumer confidence index was ‑9, up by 4 from -13 in December to the same level as in September 2017.

Commons Briefing papers SN02817

Author: Philip Brien

Topics: Consumers, Economic situation, Manufacturing industries

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