Consumer confidence flatlines in November
Consumer confidence flatlined in negative growth in November, marking four years since it had been into positive territory, according to the GfK Consumer Confidence Index.
The index, which measures general economic and personal financial situations and consumers’ spending and saving, showed that one measure grew, one remained unchanged and three measures decreased this month.
The overall index score for the month of November stood at -14, unchanged from October.
Consumers’ personal financial situation over the last year saw a decrease of one percentage point to 0, while optimism about personal financial situation over the next year remained flat at 1.
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