The UK consumer confidence index declines for the second straight month. According to GfK, in November it fell to minus 33 points from minus 31 points in October. The main reason for the deteriorating sentiment among British consumers was the tightening of restrictions due to a sharp increase in the number of coronavirus cases in the country.
The assessment of the country’s residents of their financial well-being has decreased this month by 2 points to 5 points. The sub-index, which characterizes the willingness of UK consumers to make high-value purchases, dropped 1 point in November from the previous month. At the same time, the assessment of the situation in the country’s economy has not changed over the month. It is still at a low level.
The GfK report notes that the survey, the data of which was used in calculating the indicators, was conducted in the first half of the month. Then it was not yet known about the successful completion of the tests of the created vaccine, and after the tightening of quarantine measures, only a few days passed.