Confidence fell in September

first_img whatsapp Confidence fell in September Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content center_img Share FEARS among consumers of imminent government measures to slash public spending have intensified, prompting confidence to plummet last month and wiping out the gain seen in August, the Nationwide September survey will say today. The headline confidence index slumped nine points to 53, its weakest in more than a year and well below its long-term average of 83. More worryingly, confidence in spending took a sizeable knock last month, with the spending index at its lowest since November 2008 at the height of the financial crisis. Martin Gahbauer, chief economist at Nationwide, said: “It would seem that the pessimistic sentiments of a few months ago have been renewed and this has perhaps been driven by a realisation of the true impact of the cuts announced in the emergency Budget. The government’s impending spending review is likely to have a strong influence on consumer confidence in the coming weeks.”The expectations index fell by 12 points during September to 73 and reversed the previous increase in sentiment. This index has now fallen by 47 points since February.Gahbauer said it would need a significant shift in sentiment to reverse this downward trend.However, consumers expressed a guarded optimism towards the housing market in September, with a very marginal improvement in sentiment. They now expect the value of their home to increase by 0.1 per cent over the next six months. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBrilliant TravelerHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeBrilliant TravelerMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco Relish Tags: NULL Tuesday 12 October 2010 9:18 pmlast_img read more