Consumer confidence dented in December by Christmas splurge

Kasmira Jefford
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CONSUMER confidence fell in December from its record high the previous month as Christmas spending put pressure on household budgets.

The Lloyds Bank spending power report for December showed a reading of 150 points for consumer confidence, down from 154 in November but consistent with the previous year’s drop for December.

“As with previous years, we may see confidence bounce back to growth in January,” Greg Coughlan, Lloyds’ director of personal current accounts said. Consumer sentiment towards the current financial situation dropped seven points, with an overall negative sentiment of minus 37 points. The future financial situation fell from 116 points to 112 points.