Consumer confidence dips in November

The British Retail Consortium’s (BRC) sentiment monitor showed consumer’s confidence fell to -19 in November.

November figures fell two points from October, showing that optimism in the economy remained relatively low throughout autumn following a slight improvement in July.

The survey also showed that in relation to their own finances, confidence improved to -3, up one point from October.

Personal spending on retail also saw a slight increase to +3 in November, from +2 in October.

Helen Dickinson, chief executive, BRC, commented: “There was little shift in consumer confidence since the Chancellor’s Budget, with many worried about the economy in the lead up to Christmas.

“While there was. a very slight improvement in people’s expectations of their personal financial situation, this was offset by declining expectations of the wider economy. The last month clearly did little to shift the dial for households either positively or negatively.”

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