United Kingdom: Consumer confidence falls back into negative territory
September 30, 2014
In September, the GfK NOP consumer confidence indicator fell to minus 1 point, which contrasted the plus 1 point recorded in August. As a result, the index in now back in negative territory.
September’s figure was driven by a deterioration in expectations in most of the components that make up the index. Consumers’ views of their personal financial situations and their expectations regarding the general economic situation over next year recorded the largest drops compared to the previous month. In addition, households were less optimistic regarding the general economic situation over the last year. However, their willingness to make major purchases slightly improved compared to August.
Author: Dirina Mançellari, Senior Economist