GENERAL MERCHANDISE NEWS
Consumer confidence at three year low
21 December, 2011 | by Retail Bulletin
The GfK NOP UK consumer confidence index for December has fallen to -33 points from -31 in November. This is the lowest level seen since February 2009.
Nick Moon, managing director of GfK NOP Social Research, said: “Optimism has not been lifted by pre-Christmas spending and it is hard to see grounds for a recovery in confidence in the near future.
“The 8% drop in the score for the general economic situation over the next 12 months is significant and will make chilling reading for the Government and British businesses.”
The GfK NOP survey was conducted amongst a sample of 2,000 people aged 16+ on behalf of the European Commission.
