Consumer confidence falls

26th February 2024 Consumer Lending | #consumer confidence

Consumer confidence in the UK has fallen for the first time since October, as recession concerns and economic uncertainty took their toll. The GfK survey revealed a drop in confidence to minus 21 points in February, from minus 19 points in the previous month, reflecting a deterioration in confidence about the health of the economy…

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Consumers confidence in personal finances continues to rise

The latest Deloitte Consumer Tracker shows that consumer confidence increased for a fifth consecutive quarter to its highest level in two years. The research showed that overall confidence was boosted by a seven percentage point (+7.2) increase in confidence in household disposable income (up 20 percentage points year-on-year) as consumers appear increasingly less pessimistic following…

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Consumer confidence hits two-year high

Consumer confidence has hit the highest point in two years, with an index published by GfK increasing to -19 points in January from -22 in December. Improved optimism in household finances over the next 12 months drove the increase in the overall index, while the personal finance expectations index was flat in January, marking the…

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Christmas raises consumer confidence levels

18th December 2023 Consumer Lending | #consumer confidence

Consumer confidence has improved in the run-up to Christmas, according to the latest GfK consumer confidence index.  The index score has risen two points since last month but remains firmly in negative territory at minus 22 – an improvement on the minus 29 reported this time last year. All five components within the survey saw…

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Consumer confidence falls

Consumer confidence has slumped ahead of Christmas as consumers continue to suffer a cost of living crunch. GfK’s monthly measure of consumer sentiment fell by nine points to -30 in October, the weakest reading since July.  The index measuring changes in personal finances during the last year is up down six points at -19; this…

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Consumer confidence increased in August

GfK’s Consumer Confidence Index improved five points in August, although it remains in negative territory at minus 25. Confidence in the general economic situation for the next 12 months increased by three points to minus 30. The major purchase index rose eight points to minus 24, while the personal finance 12-month forward index rose four…

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Consumer confidence falls in July

Consumer confidence fell for the first time in six months, according to a closely watched monthly measure of household sentiment compiled by GfK. All six measures of the survey, which include future and current perceptions of personal finances, major purchases and views on the state of the economy, fell in July. July’s data was the…

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Consumer confidence climbs despite inflation challenges

Consumer confidence has risen for the fourth month in a row to its highest in 15 months as households take a more positive view about the economy and their finances, despite inflation still in double digits in May. GfK’s headline confidence index showed a rise to -27 in May from -30 in April, moving further…

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Consumer confidence rises to highest level since Ukraine invasion

Consumer confidence recovered further in April, rising to its highest level since February 2022. Confidence rose by six points to -30, with an improvement in all areas measured in the index by market intelligence company GfK. GfK’s long-running Consumer Confidence Index increased six points to -30 in April. All measures were up in comparison to…

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Consumer confidence improved in March

UK consumer confidence rose to its highest level since March 2022, latest figures from the GfK Consumer confidence barometer show. The Overall Index Score increased two points in March to -36. Three measures were up, one was unchanged and one was down in comparison to last month’s announcement. The index measuring changes in personal finances…

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Consumer confidence rebounds from historic low

24th February 2023 Consumer Lending | #consumer confidence

A survey by data company GfK shows that consumer confidence has unexpectedly bounced back from historic lows to hit the highest level since April 2022. GfK’s consumer confidence index has risen by seven points in February, although the headline score remains at a “severely depressed” -38. While confidence in the general economic situation over the…

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Inflation concern pushes consumer confidence lower

GfK’s Consumer Confidence Index dropped three points in January to -45 amid inflation woes and growing concern about another jump in energy bills. Confidence in the general economy for the coming 12 months fell one point to minus 54 and remains 22 points lower than last January, while the forecast for personal finances increased to…

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Consumer confidence climbs but remains at record low

GfK’s consumer confidence index increased by just 2 points to minus 42 in December compared with November. This represents a record eighth month in a row that the measure of financial optimism gave a reading of -40 or worse on an index where a minus score represents negative confidence. Britons’ confidence in their personal finances…

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