United Kingdom: Consumer confidence rises but remains in negative territory in November
November 18, 2022
Consumer confidence rose to minus 44.0 in November from October's minus 47.0. Despite the uptick, the index remained below the 0-point threshold, pointing to improving, albeit still negative, confidence among consumers. November’s reading was also among the lowest figures on record, boding poorly for private consumption in Q4.
The reading was driven by consumers’ less pessimistic views regarding the general economic situation and their personal situation, and a greater willingness to make major purchases.