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.

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United Kingdom Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-11.00 -14.00 10.00 -39.00 1981 - 2019 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-09-26 11:01 PM Gfk Consumer Confidence Sep -12 -14 -14 -14
2019-10-31 12:01 AM Gfk Consumer Confidence Oct -14 -12 -13 -16
2019-11-29 12:01 AM GfK Consumer Confidence Nov -14 -14 -14 -13
2019-12-20 12:01 AM GfK Consumer Confidence Dec -11 -14 -14 -12
2020-01-31 12:01 AM Gfk Consumer Confidence Jan -11 -14


News Stream
2019-11-29
UK Consumer Morale Holds Steady at 6-Year Low
The GfK consumer confidence in the United Kingdom remained unchanged at -14 in November 2019, the lowest level since 2013, ahead of the December general election. One sub-index increased, one was unchanged, and three decreased in November. The print for the general economy over the next twelve months gained 3 points, suggesting that some consumers believe the imminent general election might clear the Brexit deadlock. In contrast, the measure for the country’s general economic situation during the last 12 months lost 1 point to -34 . "We have not seen a positive headline score since January 2016 – that’s nearly four years ago. Uncertainty is nobody’s friend. So, while many issues are under the spotlight in this election, political parties will need to satisfy voters that they will be effective for the wider economy and that, as a consequence, people will be better off next year and beyond,” said Joe Staton, Client Strategy Director at GfK.

2019-10-31
UK Consumer Confidence Falls Below Consensus
The GfK consumer confidence in the United Kingdom lost 2 points from a month earlier to -14 in October 2019, compared to market consensus of -12, with all five components declining as Brexit uncertainty continued to weigh on sentiment. The gauge for personal finances over the next 12 months fell 3 points to 1, and that for personal finances over the past year dropped 1 point to 1. In addition, the index for the country's general economic situation during the last 12 months decreased one point to -33, while expectations for the general economic situation over the next 12 months retreated two points to -37. The big purchases climate index was down 2 points to 1.

2019-09-26
UK Consumer Confidence Improves Unexpectedly
The GfK consumer confidence in the United Kingdom gained 2 points from a month earlier to -12 in September 2019, compared to market consensus of -14, with all five components rising, as consumers brace for the Brexit deadline. The sub-index for personal finances during the last 12 months increased 3 points this month to +2, and that for personal finances over the next 12 months gained 2 points to +4. Also, the gauge for general economic situation of the country during the last 12 months climbed 2 points to -32, and that for the general economic situation over the next 12 months rose 3 points to -35. The big purchase climate sub-index advanced 2 points to +3. "Since the Brexit referendum we have witnessed a long succession of negative Overall Index scores with the overall trend downwards. This month, British consumers appear to be treading water during this wait-and-see run-up to October 31st,” said Joe Stanton, Client Strategy Director at GfK.

2019-08-29
UK Consumer Confidence Falls to 7-Month Low
The GfK consumer confidence in the United Kingdom fell 3 points from a month earlier to -14 in August 2019, below market consensus of -12. It was a seven-month low with all five measures declining, as growth concerns and domestic policy uncertainty mainly over Brexit continue to weigh on sentiment. The measure for the country’s general economic situation during the last 12 months dropped 2 points this month to -34, whereas expectations for the general economic situation over the next 12 months fell 6 points to -38. Also, the gauge for personal fiances over the last 12 months declined 2 points to -1 and that for personal finances over the next 12 months slumped 5 points to 2. The big purchases climate sub-index went down 3 points to 1. “Until Brexit leaves the front pages – whenever that will be – consumers can be forgiven for feeling nervous not just about the wider economy but also about their financial situation,” said Joe Stanton, Client Strategy Director at GfK.

2019-07-30
UK Consumer Confidence Recovers Modestly
The GfK consumer confidence in the United Kingdom increased two points from a month earlier to -11 in July 2019, beating market expectations of -13. Still, growth concerns and domestic policy uncertainty continue to weigh on sentiment. There was an improvement in expectations over the next 12 months regarding personal finances (7 vs 2 in June) and economic situation (-32 vs -33), as well as in past assessment over financial situation (1 vs -1) and major purchases climate (4 vs -2). "Although it’s too soon to judge any impact of a post-Boris bounce, we can report a boost in attitudes to our personal financial situation in the face of low interest rates and day-to-day inflation, a buoyant labour market and growth in real wages,", said GfK Client Strategy Director Joe Staton.

2019-06-27
UK GfK Consumer Confidence Falls Below Forecast
The GfK consumer confidence index in the UK declined to -13 in June 2019, erasing a 3-point rebound to -10 in the previous month and missing market consensus of -11, as global growth concerns and domestic policy uncertainty weighed on sentiment. All five subindices dropped from the previous month: personal finances over the last 12 months (-1 vs 3) and over the next 12 months (2 vs 5); economic situation over the last 12 months (-32 vs -30) and over the next 12 months (-33 vs -29); and big purchases climate (-2 vs 1)."While UK consumers continue to remain concerned about the wider economy, over which the woman or man in the street has no control, of greater worry are the falls in the measures for personal finance. These better reflect our hopes and fears for our everyday financial futures and this, coupled with a decline in the Major Purchase Index, could point to a turbulent time for the economy over the summer months.” said Joe Staton, Client Strategy Director at GfK.


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.

United Kingdom Consumer Last Previous Highest Lowest Unit
Consumer Confidence -11.00 -14.00 10.00 -39.00 points [+]
Retail Sales MoM -0.60 -0.80 3.00 -3.60 percent [+]
Retail Sales YoY 0.90 0.80 9.00 -3.90 percent [+]
Consumer Spending 341829.00 338155.00 341829.00 67920.00 GBP Million [+]
Disposable Personal Income 351816.00 353688.00 353688.00 65381.00 GBP Million [+]
Personal Savings 5.50 6.10 15.20 -0.90 percent [+]
Bank Lending Rate 1.75 1.75 18.00 1.25 percent [+]
Retail Sales Ex Fuel -0.80 -0.80 3.30 -3.60 percent [+]
Cbi Distributive Trades 0.00 -3.00 72.00 -55.00 Net Balance [+]
Consumer Credit 563.00 1339.00 2244.00 -1175.00 GBP Million [+]
Households Debt To GDP 84.00 83.60 94.90 28.80 percent of GDP [+]
Gasoline Prices 1.67 1.62 2.22 0.92 USD/Liter [+]
Consumer Confidence Current Conditions -25.00 -20.00 7.00 -82.00 [+]
Consumer Confidence Economic Expectations -23.00 -21.00 20.00 -52.00 [+]
Consumer Confidence Financial Expectations 0.00 4.00 15.00 -18.00 [+]
Consumer Confidence Major Purchases Expectations 1.00 9.00 31.00 -43.00 [+]