28th Nov 2024 05:51
(Alliance News) - Consumer confidence was little moved in November as consumers weighed the autumn budget and looked ahead to Christmas, a report on Thursday showed.
According to BRC-Opinium data, consumer expectations over the next three months of their personal financial situation improved slightly to negative 3 in November, up from negative 4 in October.
The perception of the state of the economy worsened slightly to negative 19 in November, down from negative 17 in October.
Personal spending on retail expectations rose slightly to plus 3 in November, up from plus 2 in October but overall remained at plus 17 in November, the same as in October.
Personal saving expectations remained at negative 9 in November, the same as in October.
British Retail Consortium Chief Executive Helen Dickinson said: "There was little shift in consumer confidence since the chancellor's budget, with many worried about the economy in the lead-up to Christmas.
"While there was a very slight improvement in people's expectations of their personal financial situation, this was offset by declining expectations of the wider economy. Personal retail spending remained positive, edging up slightly, though this was to be expected as consumers prepare for the festive season."
By Jeremy Cutler, Alliance News reporter
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