UK consumer confidence rallies in November

Largest jump since April

GfK’s UK consumer confidence rebounded in November to -24, its sharpest rise since April, the firm said today (24 November).

The survey of 2,000 consumers between 1 November and 14 November mostly reversed the sharp drop witnessed in October, which saw the heaviest fall since the coronavirus pandemic began. While all five components of the index rose throughout November, they all remain in negative territory, and have not recovered from the surge in inflation over the past two years. The major purchase index saw the largest jump throughout the month, rising ten points to -24, its largest jump since June 2020, while the view of the general economic situation over the next 12 months rose by six points. ...