The GfK consumer confidence index for the United Kingdom was unchanged at -13 in March 2019, slightly above market expectations of -14, as a strong labour market offset ongoing Brexit uncertainty and concerns over global growth prospects. There was an improvement in expectations over the next 12 months regarding both personal finances (2 vs 1 in February) and the economic situation (-36 vs -38), while the willing the make big purchases deteriorated (1 vs 5). Consumer Confidence in the United Kingdom averaged -9.02 Index Points from 1981 until 2019, reaching an all time high of 10 Index Points in June of 1987 and a record low of -39 Index Points in July of 2008.
Consumer Confidence in the United Kingdom is expected to be -12.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in the United Kingdom to stand at -12.00 in 12 months time. In the long-term, the United Kingdom Consumer Confidence is projected to trend around -2.00 Index Points in 2020, according to our econometric models.