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January 17, 2023

Research Live – Consumer Confidence Up in December

UK – Consumer confidence in the UK rose slightly in December driven by significant improvements in outlook for household finances, according to analysis from YouGov and the Centre for Economics and Business Research (Cebr).

In its December survey, which is based on around 6,000 interviews conducted every month, YouGov and Cebr said there was a one-point increase in consumer confidence to 95.9, albeit down from the 110 points seen a year ago.

The increase in consumer confidence was due to a 3.3-point rise in views on household finances over the past 30 days to a total score of 62.3, as well as a 8.8-point surge in anticipated household finances for the year ahead to an overall 56.9 points.

Positive scores on the consumer confidence index are more than 100, with scores below 100 deemed to be in negative territory.

Read the full article.

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