The United Kingdom’s Gfk Consumer Confidence rose to -27 in July 2020 from -30 in the previous month, as consumers appear to be slightly more confident as lockdown loosens across parts of the UK. Three subindices were up and two were down in comparison to the previous reading. The component of personal financial situation over the next 12 months climbed 4 points to stand at 0, while the personal financial situation over the previous 12 months increased 5 points to -4. The Major Purchase Index advanced 6 points to -26. "Many people have been savvy and saved money during lockdown, as the most recent GDP figures show. That could explain the one bright spark on the horizon -- the three-point uptick in consumer expectations for the financial position of their households in the next 12 months,” said Joe Staton, GfK‘s Client Strategy Director.
Consumer Confidence in the United Kingdom averaged -9.28 points from 1981 until 2020, reaching an all time high of 10 points in June of 1987 and a record low of -39 points in July of 2008. 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 August of 2020. source: GfK Group
Consumer Confidence in the United Kingdom is expected to be -26.00 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 -14.00 in 12 months time. In the long-term, the United Kingdom Consumer Confidence is projected to trend around -14.00 points in 2021 and -10.00 points in 2022, according to our econometric models.