Belfast Telegraph

Consumer confidence down over December

By Josie Clarke

Consumer confidence fell in December to cap a “slipping and sliding year” dominated by Brexit uncertainty, a long-running survey has shown.

GfK’s consumer confidence index dropped by one point to an overall score of minus 13 this month — and slipped further from minus seven in January — as it marked two years without a lift into positive figures.

The major purchase index, which indicates confidence in spending on big-ticket items, has also slipped from positive 10 in January to minus four this month.

Meanwhile, it has been the reverse for the savings indicator, which sat at minus five last December but has seen positive scores from April onwards, showing consumers were becoming more cautious as the year progressed.

The personal financial situation measure during the last year has decreased two points this month to minus three, three points lower than this time last year, while the forecast for the next 12 months has remained at positive two, one point lower than last December.

The measure for the general economic situation of the country during the last 12 months has increased one point to minus 31.

Belfast Telegraph Digital

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