Consumer confidence rises in time for Christmas

Christmas shoppers

After reaching a six-month low in November, consumer confidence climbed this month as the UK entered the festive season.

The GfK Consumer Confidence Index rose by seven points to -23 in December, indicating that recovery could be on the cards.

All five measures rose compared with November as news of the Covid-19 vaccine boosted consumer sentiment for the near future.

The survey found that consumers were particularly optimistic about the general economic situation over the next 12 months, rising by 15 points to -35 as they eye a brighter 2021.

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