Most Read UK consumer confidence stuck at six-year low in November – GfK LONDON, Nov 29 (Reuters) – British consumer confidence remained stuck at its joint-lowest level since 2013 in November as uncertainty around the Dec.12 election and Brexit weighed on households, a survey showed on Friday.Market research firm GfK said its consumer confidence index held at -14 in November, as expected in a Reuters poll of economists.The survey looked in line with other indicators that have painted a subdued picture of the British economy, although a seasonally adjusted version of the GfK survey published by the European Commission on Thursday showed a small rise.”In the face of Brexit and election uncertainty, consumers are clearly in a ‘wait-and-see’ mode,” Joe Staton, client strategy director at GfK, said.
Spending by consumers has helped the economy at a time when many companies have cut investment due to a lack of clarity about Brexit.Earlier this week, a measure of retail sales rose to its highest level since April in November.
(Reporting by Andy Bruce Editing by William Schomberg) 2019-11-29 02:01:00
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