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News - 7 March 2012

Consumer survey 'shows optimism.'

According to the latest research carried out by market research firm GfK NOP, British consumers are becoming more optimistic about the economic recovery and their own finances.

The survey shows that even though the overall score on consumer confidence remained unchanged since last month at minus 29, there were grounds for "cautious optimism" in the detail of the index.

The personal finance score is four points higher than February last year, which suggests people are more upbeat and confident about their finances for 2012 than they were at this time in 2011. The figures also show that people's expectations for the general economic situation are two points higher than they were in February 2011.

However, another indicator, the "now is a good time to save" index decreased three points to minus 14, which is three points lower than February 2011.
The survey of 2,000 people aged 16 and over was compiled between February 3 and 12 on behalf of the European Commission.
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