The NCCI surveys 1,000 consumers on the general economic situation in the UK, including employment and retail reports, as well as predicting economic expectations in six months' time.
The first copy of the monthly report reveals consumer confidence fell following the General Election in May and June, but rose strongly in July indicating confidence is on the up, but still relatively fragile.
Using 100 points as its baseline figure, the Consumer Spending Index rose to 113 points this month, the highest since September 2004 when TNS and Nationwide launched a lightweight tracking survey, indicating strong retail sales and pessimism has started to evaporate.
The full report can be viewed on the . The next report will be made available on September 7.
TNS and Nationwide have been working together for over a year tracking consumer confidence and the NCCI is a result of this collaboration.