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)