United Kingdom: Consumer confidence index falls in May
May 29, 2015
In May, the GfK NOP consumer confidence indicator fell to 1.0 point from 4.0 points in April .
May’s figure reflects a deterioration in consumers’ perceptions regarding their personal finances as well as the general economic situation in the next 12 months. Adding to that, consumers were less willing to make major purchases in May compared to the previous month.
Author: Dirina Mançellari, Senior Economist