UK consumer morale holds steady in November – GfK By Liisa Tuhkanen LONDON Fri Nov 28, 2014 12:13am GMT Customers shop in the F&F clothing department at a Tesco Extra supermarket in Watford, north of London August 8, 2013. Credit: Reuters/Suzanne Plunkett LONDON (Reuters) – British consumer morale held steady in November in the face of slipping confidence about the economy’s prospects over the next 12 months, a survey by polling company GfK showed on Friday. The headline consumer confidence index hovered at -2 for a second month in a row, a shade weaker than the forecast of -1 in a Reuters poll. Despite sluggishness seen in recent months after a sharp rise earlier in the year, it was still close to the nine-year high of +1 touched in August and June and households showed a strong appetite to make major purchases. Nick Moon, GfK’s managing director for social research, said flat consumer morale could continue until May’s national election. “The government will be hoping to go into the general election on a rising tide … but unless the public gets another burst of good economic news it’s hard to see this happening anytime soon,” Moon said. Official data on Wednesday showed that overall economic growth remained robust in [...] liverpoolinnews/uk-consumer-morale-holds-steady-in-november-gfk/
Posted on: Fri, 28 Nov 2014 05:45:49 +0000