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Rpt:- MNI INTERVIEW: UK Confidence Up, But Still Depressed-Gfk

(MNI) LONDON
(MNI) London

Head of Gfk's consumer sentiment survey tells MNI November rally just a 'sigh of relief'.

UK consumer confidence edged higher in November, but it was more an expression of hope' that the economic outlook might avoid further deterioration than a pointer to a sharp upturn in coming months, Joe Staton, the head of GFK's Client Strategy told MNI Thursday.

"This month’s fillip is likely to reflect nothing more than a collective sigh of relief as a new prime minister takes charge following the alarming fiscal antics we saw in September. This is not the end of the beginning," Staton said.

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UK consumer confidence edged higher in November, but it was more an expression of hope' that the economic outlook might avoid further deterioration than a pointer to a sharp upturn in coming months, Joe Staton, the head of GFK's Client Strategy told MNI Thursday.

"This month’s fillip is likely to reflect nothing more than a collective sigh of relief as a new prime minister takes charge following the alarming fiscal antics we saw in September. This is not the end of the beginning," Staton said.

Keep reading...Show less