On the whole consumers remained cautious about making major purchases with 45% of respondents viewing it as a bad time to make a major purchase.
Robert Gardner, chief economist at Nationwide, said: “The main Consumer Confidence Index has see-sawed in recent months with alternating rises and falls since September last year.
“Nevertheless the index has consistently remained well below its long-run average signalling ongoing caution on the part of UK consumers.”
Nationwide’s index also revealed that consumers expected a 0.2% decline in house prices over the next six month.
