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CATEGORY: NEWS AND ANNOUNCEMENTS

UK consumer confidence fell in October, GfK says

Wed 31 Oct 2012

UK consumer confidence fell in October, GfK says LONDON (SHARECAST) - Consultancy GfK´s gauge of consumer confidence for the month of October has fallen to -30 points, from -28, its lowest level since April.

The consensus estimate had been for an unchanged reading.

Of the four sub-indices only one improved, that which measures consumers´ sentiment as regards the general economic situation in the recent past. It rose by 1 point to -53.

The sub-index measuring participants´ own past financial situation retreated to -24 points (from -21), while the forward looking measure declined to -13, from -8.

The gauge linked to the climate for major purchases also deteriorated, with the relevant index falling to -33 from -31.

AB

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