UK consumer confidence declined in November as four measures decreased during the month.

According to the latest GfK Consumer Confidence Index, overall figures fell by two points to -19 in November. All measures declined from October’s results.

The Major Purchase Index, which includes big ticket items such as furniture, three points to -15.

The index measuring changes in personal finances over the last year has fallen by two points to -7. This is two points higher than November 2024.

The measure of the country’s general economic situation over the last 12 months declined by one point to -43. This is a four-point decline compared to November 2024.

The Savings Index has slumped five points to 24, placing it on a par with its position a year ago. This measure is commented on but not included in the Overall Index Score.

Neil Bellamy, Consumer Insights Director at GfK, an NIQ Company, says: “This is a bleak set of results as we head towards next week’s Budget. A fall across all five measures suggests the public is bracing for difficult news, with little in the current climate to lift expectations.

“The continued erosion of confidence is evident in the forward-looking measures for both Personal Financial Situation and the General Economic Situation, which are each down by two points. The three-point drop in the Major Purchase Index is also troubling at this time of year, suggesting households are tightening their grip just as retailers move into a crucial trading period.

“In such conditions, the Budget offers a timely chance to provide the clarity and reassurance that consumers are struggling to find on their own.”