By Daniel Hunter
Measures for personal financial situation over the last 12 months and over the next 12 months have both seen decreases this month. The measure for the general economic situation of the country over the last 12 months has stayed at the same level this month, whilst the measure looking at the general economic situation over the next 12 months has seen a drop; the major purchase index sees an increase in October.
Nick Moon, Managing Director of Social Research at GfK, comments: “This is the second time the Consumer Confidence Index has dropped this year. After five straight months of increases — the Index was at -27 in April 2013 but had climbed to a sturdy -10 for September — this may simply be a pause for breath. However, it will be interesting to see if sentiment has run away with itself and there is a further drop next month.”