Credit, Collections & Insolvency News
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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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 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 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 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 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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Consumer confidence rose to its highest level in two years in the last quarter, boosted by a sharp improvement in sentiment among younger people, Deloitte’s consumer confidence index has shown Consumer confidence rose 6.5 percentage points year-on-year, largely driven by a significant improvement in sentiment towards household disposable income (up 18.2 percentage points on Q1…
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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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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 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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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 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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