Survey that queries economic participants on their current and future expectations for the UK economy. Rising consumer confidence generally precedes increased consumer spending, which drives both economic growth and inflation. The figure is released at the start of each month, making Nationwide Consumer Confidence a timely measure of consumer sentiment now and in the immediate future.

The headline figure is the index value for the Nationwide Consumer Confidence Index, where the May 2004 figure is 100.

Relevance: Moderate market impact
Release schedule : 23:01 (GMT); monthly, on the Wednesday before the Monetary Policy Committee announces its Base Rate decision
Source of report : Nationwide
Web Address : http://nationwide.co.uk/default.htm
Address of release : http://www.nationwide.co.uk/consumer_confidence/default.htm
AKA: Nationwide Consumer Confidence Index