Consumer confidence slips in December
Consumer confidence slipped by two points this month according to figures released by GfK in its latest Consumer Confidence Barometer.
The headline index dropped to -4 to mark the lowest point since March.
While the forecast for personal finances over the next 12 months decreased by one point this month to 1, the index measuring expectations for the general economic situation over the next 12 months fell by five points to -5.
Meanwhile, the climate for major purchase index dropped by one point this month to -1; this is 16 points higher than this time last year.
Nick Moon, managing director of Social Research at GfK, said: “After seven months of flat lining within two points either side of -1, the Index has finally moved (just) out of this range, and the bad news for the government is that it has moved downward.
“The index is now at the lowest point it has been since March this year, though it must be remembered that it is still significantly higher than it was two years ago this month when it stood at -29.”
