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Confidence takes a dip

Dec 01 2009

Consumer confidence fell for the first time in over a year, according to market research company GfK NOP.

Nick Moon, managing director of the firm, says: ‘Given that the government’s best chance – indeed probably their only chance – of retaining power in next May’s general election is to contest it on the back of several months of economic improvement, this month’s consumer confidence figures will come as a real blow.’

The overall index score in November dropped back by four points compared with October, but is still eighteen points higher than this time last year.

According to the Confederation of British Industry, sales in the service sector fell for the sixth successive quarter in the three months to November.  

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