GfK Index Shows Improvement in Personal Finances and Economic Outlook
- Consumer confidence increases three points in December
- GfK’s Consumer Confidence Index now at -11
- First index measuring personal finances decreased by 3 points to -3
- Forecast for personal finances over the next 12 months increased by 2 points to +3
- General Economic Situation index up by 3 points to -31
- Expectations for General Economic Situation in the next year rose seven points to -27
- Major Purchase Index increased three points to +3
- Savings Index unchanged at +18 with a 2-point increase year-on-year
- Joe Staton: ‘renewed optimism and energy for post-Brexit Britain’
- Consumer sentiment shows improvement for the year ahead
According to GfK’s Consumer Confidence Index, consumer confidence has increased three points this month, reaching -11. The first index measuring personal finances decreased by 3 points to -3, while the forecast for personal finances over the next 12 months rose by 2 points to +3. The General Economic Situation index increased by 3 points to -31, and expectations for the same situation in the coming year jumped seven points to -27. The Major Purchase Index climbed 3 points to +3, and the Savings Index remained unchanged at +18 with a 2-point increase year-on-year. Joe Staton, Client Strategy Director at GfK, commented on the positive outlook for post-Brexit Britain: ‘There’s a clear sense of change in consumer sentiment this month, and renewed optimism is driving confidence in 2020.’
Factuality Level: 8
Factuality Justification: The article provides accurate information from the GfK’s Consumer Confidence Index and quotes an expert’s opinion on the data.
Noise Level: 3
Noise Justification: The article provides relevant information about consumer confidence and its changes over time, but it lacks in-depth analysis or exploration of the reasons behind these changes and does not offer any actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Consumer Confidence Index affects consumer spending, which can impact financial markets and companies.
Financial Rating Justification: The Consumer Confidence Index measures changes in personal finances and the general economic situation, which can influence consumer behavior and spending. This can have an effect on various industries and businesses, thus impacting financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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