Consumer confidence falls for first time in 12 months

by Irn Bru Sun Dec 22, 2013 1:04 pm

YouGov/Cebr’s Consumer Confidence Index has fallen for the first time in a year.

The Index decreased from 110.0 in November to 109.5 in December. The figures show that while people remain optimistic about the UK housing market after a year of robust growth in the price of bricks and mortar, consumers are still concerned about their personal economic situations.

The fall in the Consumer Confidence Index comes as new analysis of YouGov’s economic data shows that property prices have greatly inflated consumer confidence over the last year. Positive feelings about the state of the property market have become increasingly ubiquitous in 2013, as reflected in the +43.7 point rise in the house price index since January. However, sentiment in other important areas – job security, household finances and workplace activity – has risen by just +5.2 points in the same period. By contrast, during the 18 months leading up to January 2013, the house price index scores topped these other measures on just four occasions.

http://yougov.co.uk/news/2013/12/19/consumer-confidence-falls-first-time-12-months/

Just wait until after the holiday spending spree is over and it may be a lot worse although hopefully it won't be.