Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (41985)	11/30/2005 12:31:49 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

UK consumer confidence stays at lowest level since Iraq war - GfK NOP UPDATE Wednesday, November 30, 2005 11:17:42 AM afxpress.com (Updating to add analysts' comments) LONDON (AFX) - Consumer confidence in the UK remains at its lowest level since the start of the war in Iraq, a closely-watched survey found today Pollster GfK NOP said its November consumer confidence index was unchanged at -8, against expectations of a modest improvement to -6. As a result, consumer confidence remains at its lowest level since March 2003, when the index fell to -10. "There is little festive cheer to be seen in these latest results," said Grant Montague, divisional director at GfK NOP "Winter blues are apparent and we will have to wait and see if this levelling off is the beginning of an upturn in consumer confidence," he added. A more detailed look at the survey showed perceptions of the development of personal finances over the last 12 months remained unchanged in November at -4, but that perceptions of the development of personal finances over the next 12 months improved one point to +8 Meanwhile, perceptions of the general economic situation in the country over the last 12 months has decreased to -29 in November from -26 in October but perceptions of the general economic situation over the next 12 months remained unchanged at -19 In addition, the survey found that the major climate measure index increased three points to +5 in November, while the perception of whether now is a good time to save stands at +23, down two points from October Ross Walker, economist at Royal Bank of Scotland, said today's survey is "a reminder not to expect a rapid recovery" in consumer spending. "From a monetary policy perspective, we continue to view the risks as being skewed to the downside -- wage inflation will probably pick-up marginally in the new year but there are few reasons to expect a surge in disposable income triggering an inflationary household spending spree," he said In its Inflation Report earlier this month, the Bank of England said it anticipated a modest improvement in consumer spending over the coming two years Howard Archer, chief UK economist at Global Insight, said high petrol prices, increasing utility bills, rising unemployment and significant concerns about the economic situation appear to be depressing sentiment at the moment, countering the beneficial impact from August's quarter point interest rate cut The survey was conducted amongst a sample of 2,066 individuals aged 16+ on behalf of the European Commission

To: regli who wrote (41985)	11/30/2005 1:27:33 PM
From: mishedlo	Respond to of 116555

Finger Pointing Over Trade globaleconomicanalysis.blogspot.com Mish