Consumer confidence in the UK has barely lifted since hitting a two and a half year low in October, according to the Gfk NOP index.
According to the latest survey, which questions 2,006 people aged over 16, the overall index of confidence in November was up just one point compared to October and ten points down on the November of 2010.
People's views on their personal finances was also marginally up, at minus 23 as opposed to minus 24 the previous month, but still in significantly negative territory.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The view of the "general economic situation" came in at minus 61, again one point up on October but, revealingly, 15 points lower than in November last year.
If there was one possible bright spot the "climate for major purchases" index rose five points to minus 27 but Nick Moon, managing director of Gfk's Social Research division said: "Even this five point gain is doing little more than overturn the four point loss on the same measure last month, and the Index for making a major purchase remains heavily negative."
BS
-
The year trust became the currency in the art marketOpinion Collectors looking for accountability are turning to smaller dealers, says Sarah Ryan of New Blood Art
-
FCA could lift ban on crypto ETNs for UK retail investorsSome hope that the consultation could lead to a lifting of the ban on crypto ETF sales in the future
