A consumer confidence poll, conducted by GfK NOP for the European Commission, has found that people are still not investing much in personal sales due to the economic slowdown.

The consumer confidence index score was registered to a negative 16, which was better than the minus 27 score that was recorded in April 2009.

Findings of a survey, conducted by a nineteen member analyst team recruited by Reuters, had hinted at a minus 15 index score.

The index for personal finance recorded a drop in score and reached 2 points. A low confidence was reflected for economic inflation, with the score for consumer confidence in seeing a better economy at loss of 1 point.

Nick Moon, Managing Director of GfK NOP Social Research, informs, "As the opinion polls are suggesting, the government has not got the boost from a rise in economic confidence that probably represented its best hope of retaining power".

He added that though everything seemed better than the last years condition, still the consumer confidence did not show much change, since September last year.

Analysts believe that this is the right time for making a big personal purchase and the economy is ready, for some boost of confidence coming from the consumer.

Data for the survey was gathered from April 9-18 and has completely shattered the hope of the Labor Party, which felt that improvement in economy would gather them enough votes, this season.