Data: Confidence edges down as consumer interest in major purchases declines

Oxford Street Christmas lights 2021

The rising cost of living and the Omicron variant have led to a decrease in consumer confidence during the festive season.

Consumer confidence fell by one point to -15 in December, according to the latest data from the GfK consumer confidence barometer.

In light of increasing costs, consumers expressed concerns around personal finances over the next year, with the index decreasing by one point to one – two points lower than this time last year. 

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