 Consumer confidence improving says survey.
J U.K. Shopper Optimism Rises at Start of Festive Shopping Season, Survey Says
By Joshua Kirby
U.K. consumers felt increasingly optimistic in December, heralding good news for
spending as the country enters the vital festive shopping season, according to a closely
watched survey set out Friday.
Research group GfK's Consumer Confidence Barometer ticked up two points to minus 22 in
December, continuing a rebound that started in November. This was only slightly short of
expectations for a reading of minus 21, according to economists polled by The Wall Street
Journal ahead of the survey's release.
Though the index remains firmly in negative territory, consumers are clearly feeling
more optimistic, GfK client strategy director Joe Staton noted. High interest rates and
price rises are still eating into disposable income, he said.
"Despite the severe cost-of-living crisis still impacting most households, this slow
but persistent movement towards positive territory for the personal finance measure
looking ahead is an encouraging sign for the year to come," Staton said.
"The nation's confidence is still firmly in negative territory, [but] optimism for our
personal finances for the next 12 months shows a notable recovery from the depressed
[level] reported this time last year," Staton said. In December 2022,the GfK barometer
showed a more sharply negative reading of minus 42. |
Interest rates have peaked, great for consumer stocks. |
They are still selling Must have taken over 200k shares back without reply Someone is keen to fill an order |
Still sellers Market has done exceptionally well to absorb this stock If it had been 2 months ago the price would of been back at 115p by now |
Large gap up after 165p Let's hope the trade in service is performing above expectations |
They have taken a hell of a lot of shares back at this levelGenuine strength Bodes well for a further move north when the buyers are ready Rather be in than out at present |
December trading update will do that last year expensive shipping container rates Royal Mail strike would not have helped neither of those this year though give Royal Mail a chance! |
Made me chuckle too A break above 165p would be very significant |
LOL. That's one of your better one-liners Glavey. If I didn't know you were such a fan of G4M, I'd think you were taking the mickey. |
C h a r t _ l o o k i n g _ s o _ g o o d |
Please can you expand on that, thanks. |
Chart looking so good |
"Black Friday 2023 traffic: The online winners and losers"
Black Friday Winners
Temu +74150%
Sephora +132%
Moonpig +48%
Debenhams +46%
Zara +32%
Ticketmaster +24%
Pandora +14%
Gymshark +12%
H&M +10%
Sainsbury’s +4%
Black Friday Losers
PrettyLittleThing -45%
Asos -43%
Currys -34%
River Island -32%
Waitrose -31%
Argos -31%
Boohoo -30%
Next -26%
Shein -22%
Tesco -20%
John Lewis -15%
Nike -14%
Amazon -1% |
"According to Nationwide, the number of purchases was up 2% on Black Friday last year"
"footfall was down 3.1% in stores on the day, according to analytics firm Sensormatic."
The event has increasingly moved online in recent years and ecommerce sales jumped 4.1% on 2022 to £1.04bn, according to Adobe Analytics. |
Huge rise in US Black Friday and Cyber Monday internet sales just announced.
Hoping the trend continues in Europe and UK. |
We all live in a red submarine.., frequently underwater. |
Research
24 November 2023 Sector Note
Retail
Follow to open report
Retail - Consumer confidence reverts to upward trend
The latest GfK update shows a 6pt bounce in confidence in Nov to -24 (Nov'22, -44). All parts of the survey were up, including the Major Purchase index +10pts to -24 (Nov'22 -38). The survey was conducted in the 1st fortnight of Nov, so excludes more recent events. On balance these could assist the next reading. Alongside the Asda Income Tracker (up >10% now), this is clearly an encouraging indicator for demand in the sector with 6 weeks of the peak Golden Quarter ahead (at time survey was completed). Please refer to our recent sector notes for more. |
Chart looking so strong key Black Friday and Xmas periods now. |
Not in a close period so Management and staff are free to buy |
Great if it is someone new. Classic recovery situation. |
"Either Liontrust or Richard Harpin adding"Pure speculation! :) |
Guessing the meetings with shareholders, brokers and Institutions went well.
I have bought more since my meeting. |
And up she goes |
Either Liontrust or Richard Harpin adding At negotiated levels with the market makers as and when they have gathered stock |
what stake building expand basem please |
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