The monthly increase in the sentiment indicator was influenced by the manufacturing confidence indicator
(by 1.4 p.p.), while the confidence indicators
in other sectors of the economy did not have any substantial influence.
Finally, the Retail Trade and Industry Confidence Indicators
remained unchanged as the improvement in the assessments of recent trends was offset by a deterioration of firms' expectations.
Summary: The results of consumer confidence in Abu Dhabi in the economic performance index for 2012 -- prepared by the Studies Directory at the Department of Economic Development -- revealed that individuals' confidence indicators
were on the rise compared to 2011, especially in both current and future economic conditions, individuals' financial condition and government policies.
The index is a ray of light after other key confidence indicators
pointed to darkening economic prospect for Germany.
Developments in the confidence indicators
of the various sectors were in general rather subdued.
Fan and Wong (1998) find that, unlike the case in the United States or the United Kingdom, confidence indicators
in Hong Kong have little or no explanatory power in forecasting household spending.
'The Bank of England needs to be wary of unnecessarily jeopardising retail growth in an attempt to take the steam out of the housing market.' The downward shift in the confidence indicators
during the month has driven it into what the BRC considers to be an area of 'moderate confidence' from the 'high' zone in May.
Weak growth is likely to lead to another rate cut in May, but as confidence indicators
start to improve it will also prompt council members to start thinking beyond the current crisis and data support those at the ECB arguing for a modest 25 bp move combined with a signal that the refi rate has bottomed at 1.00%.
We had been looking for an April reading of 2.6 and our median was 2.7, so data were worse than expected and suggest that we might not yet have fully seen the bottoming out in confidence indicators
The rise in the sentiment indicator for the EU results from the developments in the industry and retail trade sectors, where the confidence indicators
improved by one point in the EU and four points in the euro-zone.
The evolution of the sector-level confidence indicators
that make up the ESI was not uniform: confidence in the EU industry and retail sectors weakened, while in the services and construction sectors confidence improved.
The stability of the ESI is the resultant of improvements in the consumer, construction and retail trade confidence indicators
offset by a decrease in the industrial confidence indicator
, the Commission said.