UK Data: GfK/NOP: Consumer Confidence Sees Slight Improvement

–GfK/NOP: UK Consumer Confidence Long-Term Trend Still Very Gloomy

LONDON (MNI) – UK consumer confidence saw a minor improvement in
November, rising 1 point to -31, according to the latest GfK NOP
Consumer Confidence Index.

But GfK warned that the longer-term trend for confidence remained
very gloomy.

The headline score is still 10 points below the same month of 2010,
GfK NOP said.

Consumers appear to be a bit more confident about the economic
situation over the past 12 months (-61 versus -62) but a little less
about the coming 12 months (-33 versus -31), GfK NOP noted.

As regards their personal financial situation, consumers are also a
little more confident (-23 vs -24) about the past 12 months and feel the
same for the next 12 months (-10).

The major purchase index rose to -27 from -32.

–London newsroom 44207 862 7491; email: ukeditorial@marketnews.com

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