Tuesday, May 8, 2007

U.K. April Consumer Confidence Rose to Six-Month High, Nationwide Reports

(Bloomberg) -- U.K. consumer confidence rose to a six- month high in April after higher interest rates failed to dent households' spending plans, the Nationwide Building Society said.

An index of sentiment advanced to 90 from 88 in March, according to a report from Britain's third-biggest mortgage lender today. Economists expected a reading of 89, the median of five forecasts in a Bloomberg News survey showed. A gauge of spending intentions jumped to 89 in April from 83 in the previous month.


Read more at Bloomberg Bonds News

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