GfK Consumer Confidence Index November 2023

• GfK’s Consumer Confidence Index increased six points in November to -24

• All five measures were up compared with last month. 

General economic situation 

• Consumers’ measure of the general economic situation over the last 12 months is up by five points at -49. This is 18 points higher than the same month a year ago (November 2022).
• Expectations for the general economic situation over the coming 12 months increased by six points to -26. This is 32 points better than the same month a year ago.

 Personal finances 

• The personal finances index covering the last twelve months increased three points to -16, eight points better than a year ago. 
• The forward-looking measure for personal finances over the next twelve months increased five points to -3, which is 26 points higher than the same time last year.

Major purchases 

• The Major Purchase Index increased 10 points to -24. This is 14 points higher than the same month a year ago.

Savings Index (not included in the overall measure) 

• The Savings Index is down two points at +29. This is eight points higher than a year ago.

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