Monday 9th October 2006
Consumers confidence in their personal circumstances has increased this month, according to a report from Lloyds TSB Corporate Markets, the banks business banking subsidiary.
Its monthly consumer barometer surveyed over 2,000 people and revealed shifts in attitudes towards job security and prices.
Compared with Augusts results, two per cent more respondents believed their job security had increased in the past 12 months and three per cent fewer expect prices to go up over the next year.
Chief economist of Lloyds TSB Corporate Markets, Trevor Williams, said the results reflect "the strong rebound in economic growth in recent quarters and the better-than-expected performance of the housing market".
"This should underpin a rebound in UK-wide employment prospects in the months ahead," he added.
Respondents are asked to judge topics as positive, negative or neutral, with the barometer figures calculated by subtracting the percentage of negative responses from the percentage of positive responses.
Lloyds TSB Corporate was voted bank of the year and adviser of the year at the 2006 FDs Excellence awards, which were hosted by the Confederation of British Industry and Real Finance magazine.
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