UK DATA: Nationwide Jan Consumer Confidence 47 Vs 38.

UK DATA: Nationwide Jan Consumer Confidence 47 Vs 38 In Dec
–UK Nationwide Jan Spending Index 78 Vs 77 In Dec
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The January Nationwide Confidence Index rose to 47 from 38 in
December, which had been only two points off its record low of 36 in
October. This 47 outturn was the highest since the 48 reading last
August but is still depressed by historic standards, with the series’
long run average at 76. There was little improvement in the spending
index, showing consumers reluctant to make major purchases.