November’s GfK/NOP survey suggested that consumers have become a bit more pessimistic in the runup to Christmas, perhaps reflecting the first rise in interest rates in a decade. But as the squeeze on real earnings eases, there should be scope for confidence and spending growth to pick up.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services