consumer confidence

Consumer confidence climbs despite inflation challenges

19th May 2023 Consumer Collections | #consumer confidence

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…

Consumer confidence rises to highest level since Ukraine invasion

24th April 2023 Consumer Collections | #consumer confidence

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…

Consumer confidence improved in March

27th March 2023 Consumer Lending | #consumer confidence

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…

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…

Inflation concern pushes consumer confidence lower

23rd January 2023 Consumer Lending | #consumer confidence

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…

Consumer confidence climbs but remains at record low

19th December 2022 Consumer Collections | #consumer confidence

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…

Consumer confidence hits new record low

19th August 2022 Consumer Collections | #consumer confidence

Consumer confidence has fallen to a record low, according to research from data provider GfK. The consumer confidence index for August decreased by three points to minus 44, the lowest level since records began. All five measures – which include confidence in personal finances, general economic outlook, and savings – were down in comparison to…

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