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.