The GfK consumer confidence in the United Kingdom remained improved to -11 in December 2019 from -14 in the previous month, climbing from the lowest level since 2013 after the electoral outcome cleared some uncertainty over Brexit. Expectations for the general economic situation over the next 12 months jumping seven points, while the measure for the general economic situation during the last 12 months gained three points. The big purchases climate index advanced three points and the gauge for personal finances outlook rose two points. "The Overall Index Score has failed to break into positive territory for the past four years due to confusion and uncertainty about the future direction of the UK. A great many people will be gazing into their crystal balls right now; ours indicates a rebound in confidence in 2020 based on renewed optimism and energy for a post-Brexit Britain,” said Joe Staton, Client Strategy Director at GfK. Consumer Confidence in the United Kingdom averaged -9.09 Index Points from 1981 until 2019, reaching an all time high of 10 Index Points in June of 1987 and a record low of -39 Index Points in July of 2008. source: GfK Group
Consumer Confidence in the United Kingdom is expected to be -12.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in the United Kingdom to stand at -8.00 in 12 months time. In the long-term, the United Kingdom Consumer Confidence is projected to trend around -2.00 Index Points in 2020, according to our econometric models.