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UK DATA: GfK Consumer Confidence Slightly Above Expectations

UK DATA

UK GfK Consumer Confidence printed slightly higher than expected at -18 in November (vs -22 consensus, -21 prior), making it the highest reading since August 2024 and broadly in-line with the year-to date average.

  • All 5 subcomponents rose, with major purchase index seeing the largest rise of 5 points to -16 which the release highlights is "in the run-up to Black Friday". 
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UK GfK Consumer Confidence printed slightly higher than expected at -18 in November (vs -22 consensus, -21 prior), making it the highest reading since August 2024 and broadly in-line with the year-to date average.

  • All 5 subcomponents rose, with major purchase index seeing the largest rise of 5 points to -16 which the release highlights is "in the run-up to Black Friday".