UK Consumer Confidence Stays Flat

07 October 2003

British consumer confidence remained unchanged in September, according to Martin Hamblin GfK.

The group's sentiment index – compiled on behalf of the European Commission – stood at minus 3 last month, the same as in August.

Of the survey's components: expectations for the general economic climate over the coming year remained flat at minus 15; attitudes towards making big purchases dropped four points to plus 15; and views on conditions for saving rose four points to minus 2.

• Separately, a new survey shows that Britain's service sector expanded at its fastest rate for over three years in September.

The monthly index of services activity from the Chartered Institute of Purchasing and Supply rose from 57.0 in August to 58.7 last month – the highest reading since April 2000.

September's figure was well ahead of expectations. Any result above 50.0 signals expansion.

Data sourced from: multiple sources; additional content by WARC staff