Consumer confidence is still “in the doldrums” according to GfK, which doesn’t expect the UK economy to catch alight any time soon.
In September, the overall consumer confidence index rose by just one point to -9 – this is eight points lower than the same period a year ago. Consumer perceptions of their personal finances over the last 12 months experienced the biggest fall, down three points to -1. And expectations for personal finances over the next 12 months also fell in September – dropping 1 point to a score of 4.
It was better news for the major purchase index, which rose one point to a score of 1. However, it is worth nothing this is still some way off its score of 9 in September 2016, with Brits clearly now a lot less inclined to spend out on big ticket items such as electricals.
There was at least…