UK Consumer confidence at -44 in November, up 3 points MoM: GfK

21 Nov '22

2 min read

Pic: Alastair Wallace / Shutterstock.com

Consumer Confidence Index increased three points in November to reach -44 from -47 in October 2022. All measures were up in comparison to last month, as per a report by Growth from Knowledge (GfK). The index measuring changes in personal finances over the last 12 months went up four points to -24; this is 17 points worse than November 2021.

The forecast for personal finances over the next 12 months has increased five points to -29; this is 31 points lower than this time last year.

The measure for the general economic situation of the country during the last 12 months is up two points at -67; this is 27 points lower than in November 2021. Expectations for the general economic situation over the coming 12 months have improved by three points to -58, although this is still 35 points lower than November 2021, GfK said.

The Major Purchase Index is up three points to -38; this is 35 points lower than this month last year, while the Savings Index is up eight points this month at +21; this is six points better than this time last year.

This month’s survey was conducted among a sample of 2,000 individuals aged over 16. Interviewing was conducted between November 1 and 11, 2022, before the Chancellor of the Exchequer’s Autumn Statement.

Fibre2Fashion News Desk (KD)

More Growth from Knowledge (GfK) News... More Retail News - United Kingdom...