The long-running Consumer Confidence Index fell one point to -21 in October. Three measures declined, while two rose compared to September's announcement.
Neil Bellamy, Consumer Insights Director at NIQ GfK, states: 'Consumer confidence fell one point this month to -21, taking the score back down to the level last seen in March this year. Both personal financial situations over the last 12 months and the general economic situation over the next 12 months also fell by one point. The largest drop was in our view of the general economic situation over the last 12 months, down five points to -42.'
Photo: Dreamstime.
He continues: 'On a positive note, the major purchase index rose two points, and future personal financial expectations increased by one point. As the Budget statement approaches, consumers are feeling despondent despite a decline in the headline rate of inflation. This month's Consumer Confidence Barometer suggests that people are holding their breath to see what's in store for them on October 30th.'
Photo: GfK.
More information:
NIQ
www.nielseniq.com