UK Consumers Set to Refrain From Big Christmas Buys, Survey Says
- GfK’s confidence index ends year barely above 2024 average
- Sentiment being subdued by ‘uncharitable’ view on UK outlook
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UK consumer confidence remained subdued in December with households reluctant to splash out on big-ticket items ahead of Christmas amid ongoing economic uncertainty, a survey found.
Research firm GfK’s sentiment indicator rose one point to minus 17, ending 2024 barely above the average for the year. Consumers declared themselves slightly more optimistic about their personal finances but stayed gloomy about the general economic outlook and no more willing to make major purchases.