United Kingdom: Consumers more confident in January
January 30, 2015
In January, the GfK NOP consumer confidence indicator improved from minus 4.0 points in December to plus 1.0 point and now stands at its highest level since August 2014.
January’s figure was driven by an improvement in consumers’ expectations regarding their personal financial situation over the next 12 months. In addition, consumers’ perceptions regarding the general economic situation over the next 12 months were better compared to the previous month. Their willingness to make major purchases also recorded an improvement compared to December.
Author: Dirina Mançellari, Senior Economist