UK consumer confidence edges up but at lowest sustained level for 50 years

Up two points

Consumer confidence in the UK edged up two points in December compared to the previous month, according to research group GfK. However, it remains at its lowest sustained level in almost 50 years.

The index, which is a measure of how people view their personal finances and wider economic prospects, rose to 42 in December. T he survey began in 1974 and the index had never fallen below minus 40 until May 2022. Since then it has remained below that level and hit a record low in September of minus 49. However, December's reading was the highest since July and the third consecutive improvement. Bank of England hikes rates by 50 basis points The survey was conducted on the first ten days of December and 2,000 people were polled. "The outlook for our personal financial situat...