In November, the GfK NOP consumer confidence index rose to minus 22 points, up from minus 30 points tallied in October. The reading contrasted the decrease seen in the previous month and brought the index up to its highest level in 18 months. The improvement was broad-based, as all sub-components of the index increased over the previous month. Most notably, November's result mainly reflected a less negative perception of the general economic situation. GfK NOP commented that "the improvement in consumer confidence will be especially welcomed by retailers as the figures show that people are increasingly optimistic about how the economy will perform over the next twelve months".
United Kingdom Consumer Confidence
Consumer confidence shoots up in November
November 30, 2012
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United Kingdom Consumer Confidence Chart
Note: GfK NOP Consumer Confidence Index.
Source: The GfK Group.
United Kingdom Economic News
October 21, 2016
Following nearly four months of little or no news regarding formal negotiations with the European Union, in early October, Prime Minister Theresa May finally shed some light on the Brexit timeline and announced that Article 50 of the Lisbon Treaty will likely be triggered before the end of March 2017.
October 19, 2016
In September, jobless claims increased by 700 from the previous month, according to the Office for National Statistics (ONS).
October 18, 2016
In September, consumer prices increased 0.2% from the previous month, which came in below the 0.3% increase seen in the previous month.
October 8, 2016
In August, industrial production contracted 0.4% over the previous month in seasonally-adjusted terms, which contrasted the 0.1% increase recorded in July.
October 3, 2016
In September, the manufacturing sector recovered the ground it had lost after the EU referendum.