United Kingdom Consumer Confidence

United Kingdom

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.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 3.0% in 2015, which is unchanged over last month’s estimate. For 2016, the panel sees private consumption expanding 2.7%, which is up 0.1 percentage points from last month’s estimate.

Author:, Senior Economist

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United Kingdom Consumer Confidence Chart

United Kingdom Consumer Confidence November 2015

Note: GfK Consumer Confidence Index.
Source: The GfK Group.

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