The United Kingdom’s GfK Consumer Confidence index edged down to -8 in August of 2021 from -7 in the previous month, which was the highest level since the start of the COVID-19 pandemic. It compared with market expectations of -7. Still, GfK said the gist of the survey remained upbeat. "Expectations for our personal financial situation for the coming 12 months are holding up and this positivity bodes well for the economy going forwards this year and next," said Joe Staton, client strategy director at GfK. "Interestingly, this month the five-point fall in the major purchase index is counterbalanced by the five-point rise in the savings index, suggesting that consumers could be considering switching into saving rather than spending." source: GfK Group

Consumer Confidence in the United Kingdom averaged -9.56 points from 1981 until 2021, reaching an all time high of 10 points in June of 1987 and a record low of -39 points in July of 2008. This page provides the latest reported value for - United Kingdom Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Consumer Confidence in the United Kingdom is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Consumer Confidence is projected to trend around -2.00 points in 2022 and -4.00 points in 2023, according to our econometric models.

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United Kingdom Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-8.00 -7.00 10.00 -39.00 1981 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-20 11:01 PM Gfk Consumer Confidence May -9 -15 -12 -14
2021-06-24 11:01 PM Gfk Consumer Confidence Jun -9 -9 -7 -7
2021-07-22 11:01 PM Gfk Consumer Confidence Jul -7 -9 -8 -7
2021-08-19 11:01 PM Gfk Consumer Confidence Aug -8 -7 -7 -6
2021-09-23 11:01 PM Gfk Consumer Confidence Sep -8 -6
2021-10-21 11:01 PM Gfk Consumer Confidence Oct
2021-11-19 12:01 AM GfK Consumer Confidence Nov
2021-12-23 12:01 AM GfK Consumer Confidence Dec
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
UK GfK Consumer Confidence Cools in August
The United Kingdom’s GfK Consumer Confidence index edged down to -8 in August of 2021 from -7 in the previous month, which was the highest level since the start of the COVID-19 pandemic. It compared with market expectations of -7. Still, GfK said the gist of the survey remained upbeat. "Expectations for our personal financial situation for the coming 12 months are holding up and this positivity bodes well for the economy going forwards this year and next," said Joe Staton, client strategy director at GfK. "Interestingly, this month the five-point fall in the major purchase index is counterbalanced by the five-point rise in the savings index, suggesting that consumers could be considering switching into saving rather than spending."
2021-08-19
UK Consumer Confidence Hits 17-Month Peak
The United Kingdom’s GfK Consumer Confidence index rose to -7 in July of 2021 from -9 in the previous month and compared with a market consensus of -8. It was the highest reading since a survey conducted in February last year, buoyed by growing optimism about the economy even with headwinds from the Covid-19 pandemic.
2021-07-22
UK Consumer Confidence Holds at 14-Month High
The United Kingdom’s GfK Consumer Confidence stood at -9 in June, unchanged from May and its highest since March 2020, though households were less optimistic about the economic outlook.
2021-06-24
UK Consumer Confidence Hits 14-Month Peak
The United Kingdom’s GfK Consumer Confidence index rose to -9 in May of 2021 from -15 in the previous month and compared with a market consensus of -12. It was the highest reading since a survey conducted in March last year, buoyed by growing optimism about the economy as lockdown restrictions eased. There were improvements in both the economic situation over the last twelve months (-48 vs -58) and the next twelve months (4 vs -12).
2021-05-20

United Kingdom Consumer Confidence
In the United Kingdom, the consumer confidence survey measures the level of optimism that consumers have about the performance of the economy in the next 12 months. The GfK Consumer Confidence is derived from the survey of about 2,000 consumers which are ask to rate the relative level of past and future economic conditions including personal financial situation, climate for major purchases, overall economic situation and savings level.