The United Kingdom’s GfK Consumer Confidence index fell for the third straight month to -17 in October of 2021 from -13 in the prior month, compared to market expectations of -16. It was the lowest reading since February, amid concerns over fuel and food shortages, surging inflation squeezing household budgets, the likelihood of interest rate rises impacting the cost of borrowing, and climbing Covid-19 rates. All five measures deteriorated compared with September, with consumers being particularly pessimistic about the general economic situation over the next 12 months (-26 vs -16 in September). "U.K. consumer confidence has taken a turn for the worse with all vital signs weakening," GfK's client strategy director Joe Staton said. source: GfK Group
Consumer Confidence in the United Kingdom averaged -9.58 points from 1981 until 2021, 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 October of 2021.
Consumer Confidence in the United Kingdom is expected to be 5.00 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 -2.00 points in 2022 and -4.00 points in 2023, according to our econometric models.