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"What matters is the long-term trend [in consumer confidence], and at the moment that still looks very gloomy"
- Nick Moon, GfK Social Research Managing Director
U.K. consumer confidence improved slightly in November, while still remaining close to its lowest level since 2009, as the country's habitants remain pessimistic on the outlook of the country's economy. An index, which measures consumers' sentiment, rose to -31 in November from -32 in October.
"Given the current crisis over the euro zone, and the pessimism in the media about the likelihood of the British economy sliding back into recession," the increase "is a minor variation and doesn't indicate a significant change," GfK Social Research Managing Director Nick Moon said in a statement.
"What matters is the long-term trend, and at the moment that still looks very gloomy."