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BERENBERG BANK: STRONG CONFIDENCE IN BRITISH BUSINESSES SUGGEST THAT THE UK ECONOMY HAS ENOUGH MOMENTUM TO END THE YEAR STRONGLY news.instaforex.com »
Italy Aug. Consumer Confidence Index At 98.3 Vs. 97.4 In July, Consensus 97.8%
MEXICO JUL CONSUMER CONFIDENCE 98.0 -STATS AGENCY news.instaforex.com »
US JULY CONSUMER CONFIDENCE INDEX 80.3 (CONSENSUS 81.4) - CONFERENCE BOARD news.instaforex.com »
Italy July Consumer Confidence Index At 97.3 Vs. 95.8 In June, Consensus 95.5
ITALY JUNE MFG BUSINESS CONFIDENCE RISES TO 90.2 (CONSENSUS 89.0) VS REVISED 88.7 (88.5) IN MAY news.instaforex.com »
Danish retail sales declined in March largely due to the decrease in clothing sales turnover, Statistics Denmark said Monday. Consumer confidence deteriorated for the second consecutive month in April. news.instaforex.com »
Confidence among Australian consumers rose to its highest level in more than two years in March with the effects of the past interest rate cuts by the Reserve Bank becoming more visible.
A survey by Westpac and the Melbourne Institute showed Wednesday that the consumer sentiment index rose 2 percent in March to 110.5 from 108.3 in February. This is the highest level of the index since December 2010.
"This is a strong result," Westpac's Chief Economist Bill Evans said. It is the fifth consecutive month that the index has registered above 100, he noted.
Evans said that in recent months, the accumulation of the cuts appeared to be genuinely boosting confidence. Since October last year, the confidence index has increased 11.5 percent.
The Reserve Bank of Australia kept the cash rate unchanged at 3 percent in February and March, but said there is scope to ease policy further, if necessary, to support demand.
The central bank has reduced cash rate six times since it started its easing cycle in November 2011.
Also, "equity markets and the associated signals that global economic prospects are improving are the other key driver of this improved confidence," Evans said.
Data released by the Australian Bureau of Statistics on Wednesday showed that home loans declined unexpectedly in January. The number of dwelling commitments for owner occupied housing fell 1.5 percent month-on-month to 44,383.
Economists had forecast an increase of 0.5 percent following 2.1 percent fall in December. Lending has now declined for four consecutive months. Meanwhile, investment lending rose 4.4 percent from the previous month.
Dutch Jan Consumer Confidence -35 Vs. -39 In December
Confidence among New Zealand consumers increased in January as they remained upbeat about the general economic conditions, a survey by ANZ and Roy Morgan revealed Thursday.
The consumer confidence index rose to 118.3 in January from 114.7 in December. Readings above the 100 mark are taken as a net positive.
The current conditions index rose 8 points to 117, while future conditions index increased at the margin to 119, its highest level since mid 2011.
Consumers feel marginally less worse off financially than a year earlier with the corresponding index rising to -5 from -7 in the previous month.
The indicator measuring households' expectations regarding their own financial prospects in the year ahead fell marginally to 29 from 31 in December. However, the sentiment is still regarded as positive, the survey report said.
Consumers' outlook on the general economy one year ahead are better. Sentiment towards the economy five years out remains solid at 21, though down on the month prior, the report said.
