United Kingdom: Consumer confidence reaches five-month high in January
February 1, 2016
In January, the GfK NOP consumer confidence indicator improved from 2 points in December to 4 points, thus reaching a five-month high.
January’s reading mainly reflects an improvement in consumers’ perceptions regarding the general economic situation in the last 12 months. However, in January, consumers’ perception regarding their personal finances in the next 12 months remained unchanged over the previous month. Conversely, consumers were more willing to make major purchases in January compared to the previous month.
Author: Dirina Mançellari, Senior Economist