GfK Index Shows Decline Across All Measures
- Consumer confidence drops in November 2018
- GfK’s Consumer Confidence Index decreased by three points to -13
- Declines recorded across all five measures of the index
- Personal finances measure dropped four points in last 12 months
- General economic situation fell one point in past year
- Major purchase index declined seven points
- Savings index remained stable
- Brexit deal may worsen consumer sentiment
- Theresa May’s Brexit deal could impact Christmas season
The latest GfK Consumer Confidence Index reveals a three-point drop in November 2018, with declines across all five measures. Personal finances over the last 12 months decreased four points to -3, while expectations for the next 12 months fell one point. The general economic situation dropped by one point but remains higher than November 2017. Major purchase index declined seven points, and savings index stayed stable. Market researcher Joe Staton warns that Theresa May’s Brexit deal could further impact the festive season.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the GfK Consumer Confidence Index and its changes over time, with relevant quotes from Joe Staton, client strategy director at GfK. It also connects the index results to Brexit and its potential impact on consumer behavior during the holiday season.
Noise Level: 3
Noise Justification: The article provides relevant information about the decrease in consumer confidence index and its impact on personal finances and general economic situation. It also mentions the potential effect of Brexit deal on consumer sentiment. However, it does not offer any new insights or solutions to the issue.
Financial Relevance: Yes
Financial Markets Impacted: Retail sector
Financial Rating Justification: The article discusses the decrease in consumer confidence, which can impact spending and retail sales, affecting financial markets and companies in the retail sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text, and the impact of the financial decline is considered minor as it is mainly related to consumer confidence and economic indicators.
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