Will firms using facilities management be boosted by return to confidence?
September 14th 14:58 Cost Management
UK businesses using facilities management cost reduction process to boost their profit margins could be among those encouraged by recent consumer confidence figures.
The latest report by the Nationwide building society has revealed that confidence increased in August after a three-month period of consecutive decline.
According to the firm's index, consumer confidence improved by five points to give an overall score of 61.
The firm's Expectations Index also increased to give a reading of 84. The seven-point improvement comes after a 43-point decline over the last five months.
Mark Saddleton, Nationwide's head of economic and market analysis, said: "It may be that the recent dip was a product of increased caution following the general election as consumers assessed what direct impact a change in government and new austerity measures would have on their individual circumstances.
"The main driver behind the increase in August has been an uplift in confidence towards the future situation, in particular consumer expectations of future economic circumstances."
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