|
UK consumer sentiment on future finances deteriorated to a two-year low in December, data published by S&P Global showed Monday. The S&P Global UK consumer sentiment index fell to an eight-month 44.7 points in December from 45.2 in November. Falling further from the neutral 50-point mark separating growth from contraction, it indicates the pace of deterioration in consumer sentiment accelerated in December. The household finance index declined to an eight-month low of 42.4 points in December from 43.4 in November. The index for current finances worsened to a five-month low of 40.7 points in December from 41.6 in November. Notably, the future index for expected finances in 12 months’ time worsened to a 24-month low of 44.2 points in December from 45.3 in November. Further, the debt sentiment index fell to a 20-month low of 48.6 points in December from 49.0 in November. Meanwhile, the savings index rose to 43.1 points in December from 42.9 in November. Maryam Baluch, economist at S&P Global Market Intelligence, said: ‘Overall, the combination of subdued household confidence and early signs of job insecurity underscores the ongoing challenges facing UK households as they navigate an uncertain economic environment at the turn of the year. Not surprisingly, spending intentions have worsened in this deteriorating financial environment, suggesting consumers are unlikely to provide much of a boost to the economy as we head into 2026.’ The survey is based on monthly responses from approximately 1,500 individuals in the UK, with data collected by Ipsos MORI from its panel of respondents aged 18 to 64. The responses were collected between December 4 and 8. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
