The UK GfK Consumer Confidence Index plunged 11 points to -24 in October 2026 from -13 in September, marking its sharpest monthly decline since April 2020 and its lowest reading since April. The result was significantly worse than market expectations of -15 as rising inflation, higher energy prices and the ongoing Middle East conflict weighed on household sentiment ahead of Finance Minister John Healey's budget next week. Confidence in the economic outlook deteriorated sharply, while willingness to make major purchases fell to its lowest level in more than two years. Inflation expectations also rose to their highest since April, increasing concerns that the Bank of England could raise interest rates in November. The decline reverses a summer recovery, with other surveys also indicating weakening sentiment despite stronger economic growth in the first half of the year. GfK said confidence fell across income, age and gender groups, reflecting household financial pressures. source: GfK Group

Consumer Confidence in the United Kingdom decreased to -24 points in October from -13 points in September of 2026. Consumer Confidence in the United Kingdom averaged -11.27 points from 1981 until 2026, reaching an all time high of 10.00 points in June of 1987 and a record low of -49.00 points in September of 2022. This page provides the latest reported value for - United Kingdom Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

Consumer Confidence in the United Kingdom decreased to -24 points in October from -13 points in September of 2026. Consumer Confidence in the United Kingdom is expected to be -22.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Consumer Confidence is projected to trend around -14.00 points in 2027 and -12.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-24 11:01 PM
GfK Consumer Confidence
Sep -13 -14 -16 -17
2026-10-22 11:01 PM
GfK Consumer Confidence
Oct -24 -13 -15 -14
2026-11-20 12:01 AM
GfK Consumer Confidence
Nov -24 -23


Related Last Previous Unit Reference
Bank Lending Rate 9.11 9.07 percent Sep 2026
CBI Distributive Trades -10.00 -55.00 Net Balance Oct 2026
GfK Consumer Confidence -24.00 -13.00 points Oct 2026
BoE Consumer Credit 1914.00 2683.00 GBP Million Sep 2026
Consumer Spending 436418.00 434933.00 GBP Million Jun 2026
Disposable Personal Income 457927.00 453116.00 GBP Million Jun 2026
Gasoline Prices 2.31 2.30 USD/Liter Oct 2026
Households Debt to GDP 72.60 73.50 percent of GDP Mar 2026
Net Lending to Individuals MoM 5780.00 6857.00 GBP Million Sep 2026
Personal Savings 8.80 8.60 percent Jun 2026
Retail Sales ex Fuel MoM -0.70 0.90 percent Sep 2026
Retail Sales MoM -0.40 0.70 percent Sep 2026
Retail Sales YoY 0.80 2.70 percent Sep 2026


United Kingdom Consumer Confidence
In the United Kingdom, the consumer confidence survey measures the level of optimism that consumers have about the performance of the economy in the next 12 months. The GfK Consumer Confidence is derived from the survey of about 2,000 consumers which are ask to rate the relative level of past and future economic conditions including personal financial situation, climate for major purchases, overall economic situation and savings level.
Actual Previous Highest Lowest Dates Unit Frequency
-24.00 -13.00 10.00 -49.00 1981 - 2026 points Monthly

News Stream
UK Consumer Confidence Sees Biggest Drop Since Pandemic
The UK GfK Consumer Confidence Index plunged 11 points to -24 in October 2026 from -13 in September, marking its sharpest monthly decline since April 2020 and its lowest reading since April. The result was significantly worse than market expectations of -15 as rising inflation, higher energy prices and the ongoing Middle East conflict weighed on household sentiment ahead of Finance Minister John Healey's budget next week. Confidence in the economic outlook deteriorated sharply, while willingness to make major purchases fell to its lowest level in more than two years. Inflation expectations also rose to their highest since April, increasing concerns that the Bank of England could raise interest rates in November. The decline reverses a summer recovery, with other surveys also indicating weakening sentiment despite stronger economic growth in the first half of the year. GfK said confidence fell across income, age and gender groups, reflecting household financial pressures.
2026-10-22
UK Consumer Confidence Hits More Than 2-Year High
The UK GfK Consumer Confidence Index rose to -13 in September 2026 from -14 in August, unexpectedly reaching its highest level since August 2024 as households became more optimistic about their personal finances. The reading was above market expectations of -16 and came shortly after the governing Labour Party came to power, adding to recent signs of resilience in the economy. Confidence in the economic outlook also climbed to its highest level since August 2024, while the mood around personal finances reached an eight-month high. Separate YouGov/Cebr and LSEG/Ipsos surveys published this month also recorded their highest readings since February. However, BRC/Opinium and S&P Global surveys showed consumer confidence falling, highlighting a mixed picture. GfK said confidence remains firmly in negative territory and warned that deteriorating inflation expectations could weigh on households as energy and fuel prices rise, potentially causing consumer sentiment to falter.
2026-09-24
UK Consumer Confidence Hits 2-Year High
The UK GfK Consumer Confidence Index rose to -14 in August 2026 from -17 in the previous month, marking the highest level in two years despite lingering geopolitical and economic uncertainty. Consumers became more optimistic about the economy and their personal finances over the next 12 months, while more households viewed the current period as a good time to make major purchases. Confidence has rebounded over the past two months, supported by the appointment of new Prime Minister Andy Burnham and easing energy prices. However, rapidly rising inflation is threatening to weigh on sentiment, with consumer prices climbing sharply in July to 2.9%, the highest in four months, driven by higher household energy costs. GfK warned that continued uncertainty surrounding the Middle East and elsewhere, along with persistent cost-of-living pressures, could test consumer confidence in the months ahead.
2026-08-20