UK consumer confidence falls in November
GfK’s Consumer Confidence Index fell one point in November
UK consumer confidence dropped in November as shoppers worried about wider economic, political and social events, according to new figures.
GfK's Consumer Confidence Index fell one point to one this month, with three of the five measures used to calculate the Index posting declines. One increased, while the other was unchanged.
"From summer's 15-year high, consumer confidence in the UK has continued to slide to +1 this month," said Joe Staton, head of market dynamics at GfK. "Overall, despite the good news agenda of rock-bottom inflation, falling fuel prices and higher wage growth boosting spending power, confidence appears to be depressed by a combination of wider economic, political and social events."
Last month, the index fell one point to two as shoppers worried about expectations for the economy in the year to come.
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