MNI: European Commission Survey Data........>

UK DATA: MNI: European Commission Survey Data Points to UK GfK Moderation

-------------------------------------------------------------------------------

A weak showing in the European Commission's October UK Consumer Confidence

Indicator suggests the more closely watched GfK measure, published Wednesday

0001 GMT, could fail to register an immediate improvement after declining two

points to -9 in September. The E.C. UK Confidence Indicator rose slightly in

October, up 0.6pp to -5.2, but failed to recoup much of the 2.2-point loss in

September. The E.C index remains below its 12-month average of -4.8. Data

published by the Bank of England Monday highlighted subdued demand for unsecured

credit, albeit mostly attributed to weaker car registrations, but this combined

with higher personal loan repayments and higher elevated savings intentions

suggests consumers remain fairly risk averse on the eve of the festive season

and as we enter the final stage of Brexit negotiations.