United Kingdom: Consumer confidence index drops in September
September 30, 2015
In September, the GfK NOP consumer confidence indicator dropped from 7.0 points in August to 3.0 points, thus reaching a four-month low.
September’s reading reflects a deterioration in consumers’ perceptions regarding their personal finances as well as the general economic situation in the next 12 months, thus bringing both sub-indices to their lowest level in seven and nine months, respectively. Adding to that, consumers were less willing to make major purchases in September compared to the previous month.
Author: Dirina Mançellari, Senior Economist