United Kingdom Consumer Confidence November 2019

United Kingdom

United Kingdom: Consumer sentiment remains depressed in November

November 29, 2019

The GfK consumer confidence indicator registered minus 14 in November, matching October’s figure. As a result, the index remained in negative territory, where it has been since April 2016, highlighting that consumers are broadly pessimistic.

Consumers grew more pessimistic about their personal financial situation and the general economic situation over the last year, and grew less willing to make major purchases. However, consumers became less gloomy about general economic conditions over the next year.

According to Joe Staton, client strategy director at GfK: "The general election is potentially an opportunity to move us out of the doldrums–but for this to happen there must be a clear result. A hung parliament could be very damaging for consumer confidence and would surely deepen the obvious malaise that we see month after month.”

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.4% in 2020, unchanged from last month’s forecast, and 1.5% in 2021.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in United Kingdom? Download a sample report now.

Download

United Kingdom Consumer Confidence Chart


United Kingdom Consumer Confidence November 2019

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


United Kingdom Economic News

More news

Search form