United Kingdom: Consumer confidence picks up in December on positive vaccine news
December 18, 2020
Consumer confidence came in at minus 26.0 in December, up notably from November's minus 33.0 and marking the strongest improvement in eight years.
The uptick came on the back of an improvement in consumers’ views on the general economic situation over the next 12 months. In addition, consumers’ views on their financial situation over the next 12 months improved.
On the reading, Joe Staton, GfK’s client strategy director, commented:
“Consumers are looking for good news and they have found it in the form of the UK’s Covid-19 vaccination programme getting underway, which has lifted the mood pre-Christmas 2020.”