United Kingdom: Consumer confidence stable in November
November 1, 2014
In November, the GfK NOP consumer confidence indicator was stable at October’s minus 2 points, thus staying at its lowest level since July.
November’s figure was driven by a deterioration in consumers’ expectations regarding the general economic situation over the next 12 months. In addition, consumers’ views on their personal financial situation over the next 12 months deteriorated compared to the previous month. However, their willingness to make major purchases recorded an improvement compared to October.
Author: Dirina Mançellari, Senior Economist