United Kingdom: Consumer confidence inches up in December
December 30, 2016
The GfK NOP consumer confidence indicator inched up from minus 8 points in November to minus 7 points in December. Despite the increase, the index remains in negative territory, where it has been since April of this year, highlighting consumers’ pessimism.
December’s reading reflects an improvement in consumers’ likelihood of making major purchases, the index measure which recorded the biggest increase. Moreover, consumers were more optimistic about their personal financial situation in the next 12 months, while their perception on the general economic situation in the next year deteriorated compared to the previous month.
Author: Oliver Reynolds, Economist