Consumer confidence hits lowest point in over a year

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 sentiment falls sharply

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 stalled in the final quarter of 2024

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 rebounds from pre-budget anxieties

13th December 2024 Consumer Lending | #consumer confidence

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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Consumer confidence bounces back

25th November 2024 Consumer Lending | #consumer confidence

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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Consumer confidence falls

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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Consumer confidence falls ahead of the Budget

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 falls

23rd September 2024 Consumer Lending | #consumer confidence

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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Consumer confidence remained stable in August

The latest GfK Consumer Confidence Index reveals a decline in expectations for Britain’s economy, marking the first drop in six months. The index fell four points to minus 15 in August, reflecting concerns about the economic outlook. However, optimism regarding personal finances has risen, with a three-point increase to plus six, attributed to recent mortgage…

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Consumer confidence sees subdued increase

Consumer confidence has seen a subdued increase, according to the latest figures from GfK’s Consumer Confidence Index. The index increased by one point to minus 13 in July. The major purchase index, which indicates confidence in buying big ticket items, saw a seven point uptick, potentially good news for retailers. However, confidence in personal finances…

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Consumer economic optimism continues to rise

Consumer confidence has seen a third consecutive monthly rise since March, according to a survey by GfK. The research showed that the Consumer Confidence Index climbed three points in June, reaching minus 14. This increase was driven by growing optimism about the economy, with a seven-point boost in confidence regarding the general economic situation over…

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Consumer confidence rises in May 

Consumer confidence has risen to its highest level in over two years, according to GfK’s consumer confidence index. The index rose by two points to minus 17 in May, which is the highest reading since December 2021 The analysis showed that consumer confidence continues to rise, with confidence in the general economic situation over the next…

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Consumer confidence improves

Consumer confidence improved by two points in April, according to GfK’s latest consumer confidence reading. Confidence stood at -19 during the month, an improvement from -21 points recorded in both March and February. The improvement came in a month that saw inflation fall to its lowest since 2021, national insurance payroll taxes cut, and domestic…

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