Credit, Collections & Insolvency News
A consumer confidence survey by Deloitte has shown that consumer confidence remained flat in the first quarter (Q1) of 2025. The data showed a marginal 0.3 percentage point increase, this marks a second consecutive quarter of stalled confidence following a two-year period of improvement. A seasonal boost in sentiment towards general health and wellbeing (+3.8…
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A majority of consumers are not optimistic about the economy, according to a KPMG poll. Three in five people say that the UK economy is worsening, leading even consumers feeling financially secure to cut back on spending. The number of people feeling that the UK economy is worsening grew by fifteen percentage points in the…
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Latest data from GfK’s consumer confidence index showed that it increased by one point in March to minus 19, despite analysts expecting a drop. Sentiment about the performance of the UK economy over the past year and its potential to gather momentum in the coming year improved in March. However, consumers became slightly more pessimistic…
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The GfK consumer confidence index has increased by two points to -20 over the month to mid-February, as households said they were becoming more optimistic about their personal finances and the economic outlook. The research found that the better-than-expected findings were driven by the Bank of England’s latest interest rate cut earlier this month. The…
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Consumer confidence in the UK economy has plummeted to an 11-month low, with the British Retail Consortium’s survey revealing a net balance of -37 in February, a decline of 40 points since last summer’s general election. This is the fifth consecutive month in which expectations have worsened. The survey indicates that two-thirds of retailers anticipate…
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Consumer confidence has fallen to its lowest level in over a year, as shown by figures from GfK’s consumer confidence index. The index fell five points to minus 22 in January and puts confidence at its lowest level since the end of 2023. The component of the index that measures sentiment towards the general economic…
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Consumer confidence in the UK’s economy has plummeted, with the British Retail Consortium’s (BRC) consumer sentiment index revealing a drop to -34 in January, down from -27 in December. The survey indicates that only those aged 18-27 expect improvement, while two-thirds of individuals aged 60-78 anticipate a worsening economy. Helen Dickinson, chief executive of the…
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Consumer confidence remained unchanged in the final quarter of 2024, with a marginal -0.2 percentage point drop, according to the latest Deloitte Consumer Tracker. Sentiment towards personal levels of debt rose by a significant +6 percentage points this quarter compared with Q4 2023. However, the improvement in confidence in debt levels did not compensate for a…
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Consumer confidence is recovering from a dip caused by pre-budget anxieties, with the GfK index rising to -17 in December, following a three-point increase in November. Despite concerns over inflation due to rising prices from businesses, the data indicates a growing optimism among consumers regarding their finances and a willingness to spend. Neil Bellamy, Consumer…
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The latest GfK consumer confidence index increased by three points this month, now standing at minus 18, indicating a slight recovery despite remaining in negative territory. The index measuring changes in personal finances during the last year is up one point at -9; this is seven points better than November 2023. The forecast for personal…
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GfK’s consumer confidence index has fallen by one point from -20 in September to -21 in October, the lowest reading since March. The fall is thought to be due to anxieties over potential tax rises at the Budget next week outweighing optimism over falling inflation. However, GfK’s major purchase index rose by two points to…
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Latest British Retail Consortium (BRC) figures have shown that consumer confidence has fallen. The data shows that consumers feel that their personal financial situation has worsened to -6 in September, down from +1 in August. The State of the economy worsened significantly to -21 in September, down from -8 in August whilst personal spending on…
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Consumer confidence in the UK has sharply declined, with the GfK consumer confidence index dropping to minus 20 this month, down from minus 13 in August. The longest-running measure of consumer confidence nosedived, raising concerns about whether government rhetoric about Budget ‘pain; has overly worried the general public. The index measuring changes in personal finances…
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