UK DATA: Nationwide October Consumer Confidence Stabilises
–UK Nationwide Oct Consumer Confidence 52 vs 53 in Sep
–UK Nationwide Oct Expectations Index 70 vs 74 in Sep
–UK Nationwide Oct Spending Index 92 vs 86 in Sep
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Consumer confidence is only edging lower, according to the
Nationwide’s survey for October. The Nationwide Consumer Confidence
Index last month fell just one point to 52 from 53 in September, with
the fall being driven mainly by a drop in the expectations index which
fell to 70 from 74 in the previous month. But the index has now fallen
in five out of the last six months and stands 32 points below its
interim peak of 84 seen in February of this year.