Alleviate autumn gloom with a holiday
Wed, 09 Nov 2005
The darker evenings and falling confidence in the economy may only be alleviated by a holiday abroad.
The Nationwide Consumer Confidence Index fell in October as people showed concern over the economy and the labour market. The fall in confidence was the third month in a row as consumers remain subdued.
"After three consecutive months of falls, consumers continue to be gloomy. The main index reached another new low in October, with consumers’ confidence in current conditions particularly badly hit," said Stuart Bernau, Nationwide’s executive director.
"Job losses at Rover, the London attacks in July, low house price growth and most recently higher petrol prices have all contributed to a summer of gloom which is threatening to extend through the autumn months," he added.
However, there are some signs that consumers are not totally pessimistic about the coming months, with some believing that confidence in the housing market is returning, with the number of approved mortgage reaching its highest level for over 
© Adfero Ltd
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