GfK consumer confidence for October comes in at -10

  • expected -10, prior -9

More (via Reuters):

  • Near a three-year low, survey showing little change over the past five months
  • consumers' appetite for spending on big-ticket items inched up to a five-month high
  • "As concerns about the wider economic prospects for the UK economy dampen our outlook, consumers are showing no real 'get-up-and-go'," GfK analyst Joe Staton said.
  • "Our enthusiasm for spending ... is more worrying than reassuring," Staton said. "Surging credit card use is fuelling spending at the expense of our appetite for saving, which is growing at the slowest rate since the start of the 2008/2009 financial crisis."

-------
At the same time, Lloyds business barometer for October in at an improved 26

  • prior 23