Consumer confidence still higher than normal despite slight dip
Saturday 21 February 1998
The confidence index from the monthly survey carried out for the European Commission - a reasonably close guide to future growth in consumer spending - edged lower than January's level and is now some way below its midsummer peak. However, it stayed well above the long-term average, with the component indicating willingness to buy big-ticket items remaining close to its recent peak.
Separately, a comparison of the whole gamut of monthly business surveys published yesterday by Merrill Lynch suggested that activity in the economy is probably stronger than official figures suggest.
For the final quarter of last year the official figures showed manufacturing output declining and growth in GDP slowing noticeably. However, business surveys all showed an increase in manufacturing production.
Ian Stewart, UK economist at Merrill Lynch, said there was a clear risk of upward revisions for the latter part of 1997.
The magicians using online collaboration to push boundaries
Jennifer Lawrence attacks mass media again over body image
Jennifer Lawrence: 'It should be illegal to call someone fat on TV'
Sun will 'flip upside down' within weeks, says Nasa
Ian Watkins: Police forces probed over earlier allegations as paedophile Lostprophets singer sentenced to 35 years for child sex offences
DNA from a 50,000 year old toe shows Neanderthals were highly inbred
Devyani Khobragade: India-US row escalates over arrest of diplomat in New York
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 4 Christmas comes early: Justin Bieber announces he's 'retiring from music'
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
- < Previous
- Next >
iJobs Money & Business
£25000 - £32000 per annum: Harrington Starr: Junior Business Analyst - Banking...
£25000 - £35000 per annum + benefits + bonus: Harrington Starr: Business Analy...
£50000 - £75000 per annum + benefits + bonus: Harrington Starr: Implementation...
£50000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: A leading prov...