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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK DATA
UK GfK Consumer Confidence rose +2 points to -22 in November, in line with expectations (-22 forecast, -24 prior). This is a 20-point year on year rise, although it remains below the long-run average of -10.
- For the second month running, all five sub-components rose slightly.
- In particular, the ‘Personal Financial Situation over the next 12 months’ sub-component rose +1 point to -2, very close to positive territory, and +27 points Y/Y.
- The Client Strategy Director stated “Despite the severe cost-of-living crisis still impacting most households, this slow but persistent movement towards positive territory for the personal finance measure looking ahead is an encouraging sign for the year to come.”
- The index remains comfortably above levels seen across 2022 and also remains above year-to-date average of -29. There was a clear upward trend in the data between Summer 2022 and Spring 2023, but the last 6 months have seen the data become a bit more volatility. Therefore, there is likely to be little immediate implications for monetary policy from this release.
- December’s survey was conducted among 2003 individuals from November 29th and December 8th.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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