Consumers in the UK became more confident in March and were more willing to spend, according to a survey by Nationwide Building Society. However, there's a good chance that confidence will fall back in the months to come.
Nationwide's consumer confidence index rose from a score of 44 to 53 in March. This means that consumers were more confident about the current economic situation and were more willing to buy 'big ticket' items such as cars and holidays. Nationwide thinks that falling inflation was the most important factor behind the increased confidence.