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Business and Consumer Confidence: Key Economic Indicators

Published Friday, June 3, 2016

Business and Consumer Confidence: Information on business and consumer confidence surveys, which is generally released ahead of official statistical data and can indicate changes to the economic outlook as well as turning points in the economic cycle.

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Confidence surveys, with information generally released ahead of official statistical data, can indicate changes to the economic outlook as well as turning points in the economic cycle.

European Commission Economic Sentiment Indicator

The European Commission conducts regular harmonised surveys for different sectors of EU member states’ economies.

European Commission Economic Sentiment Indicator for UK and Eurozone

Between April and May 2016, the overall UK sentiment index increased by 1.3 points to 105.7, 7.3 points lower than a year earlier. The Eurozone index was up 0.9 points over the year to 104.7.

CBI Industrial Trends Survey

The CBI carries out monthly and quarterly Industrial Trends surveys.

CBI output expectations

In May 2016, more manufacturers thought that output would rise over the next three months than thought it would fall. The difference was +20, up on April’s figure of +17 but down on March’s +23.

GfK NOP Consumer Confidence Survey

Consumer confidence

The overall consumer confidence index was -1 in May 2016, up 2 points on the previous month and down 2 on the year before. This is the second consecutive month that the index has been negative.

 

 

 

Commons Briefing papers SN02817

Author: Lorna Booth

Topics: Consumers, Economic situation, Manufacturing industries

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