United Kingdom: Consumer confidence shoots up in November
November 30, 2012
In November, the GfK NOP consumer confidence index rose to minus 22 points, up from minus 30 points tallied in October. The reading contrasted the decrease seen in the previous month and brought the index up to its highest level in 18 months. The improvement was broad-based, as all sub-components of the index increased over the previous month. Most notably, November's result mainly reflected a less negative perception of the general economic situation. GfK NOP commented that "the improvement in consumer confidence will be especially welcomed by retailers as the figures show that people are increasingly optimistic about how the economy will perform over the next twelve months".