United Kingdom: Consumer confidence index hits six-month low in November
November 30, 2015
In November, the GfK NOP consumer confidence indicator inched down from 2 points in October to 1 point, thus hitting a six-month low.
November’s reading mainly reflects a deterioration in consumers’ perceptions regarding the general economic situation in the last 12 months, thus bringing the sub-index to its lowest level in almost a year. Adding to that, in November, consumers’ perception regarding their personal finances in the next 12 months deteriorated over the previous month. Conversely, consumers were more willing to make major purchases in November compared to the previous month.
Author: Dirina Mançellari, Senior Economist