The United Kingdom’s GfK Consumer Confidence index fell for the third straight month to -17 in October of 2021 from -13 in the prior month, compared to market expectations of -16. It was the lowest reading since February, amid concerns over fuel and food shortages, surging inflation squeezing household budgets, the likelihood of interest rate rises impacting the cost of borrowing, and climbing Covid-19 rates. All five measures deteriorated compared with September, with consumers being particularly pessimistic about the general economic situation over the next 12 months (-26 vs -16 in September). "U.K. consumer confidence has taken a turn for the worse with all vital signs weakening," GfK's client strategy director Joe Staton said. source: GfK Group

Consumer Confidence in the United Kingdom averaged -9.58 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 November of 2021.

Consumer Confidence in the United Kingdom is expected to be 5.00 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


Calendar GMT Actual Previous Consensus TEForecast
2021-09-23 11:01 PM Gfk Consumer Confidence Sep -13 -8 -8 -8
2021-10-21 11:01 PM Gfk Consumer Confidence Oct -17 -13 -16 -14
2021-11-19 12:01 AM GfK Consumer Confidence Nov -17 -18 -16


Related Last Previous Unit Reference
Consumer Confidence -17.00 -13.00 points Oct/21

News Stream
UK GfK Consumer Confidence Falls to 8-Month Low
The United Kingdom’s GfK Consumer Confidence index fell for the third straight month to -17 in October of 2021 from -13 in the prior month, compared to market expectations of -16. It was the lowest reading since February, amid concerns over fuel and food shortages, surging inflation squeezing household budgets, the likelihood of interest rate rises impacting the cost of borrowing, and climbing Covid-19 rates. All five measures deteriorated compared with September, with consumers being particularly pessimistic about the general economic situation over the next 12 months (-26 vs -16 in September). "U.K. consumer confidence has taken a turn for the worse with all vital signs weakening," GfK's client strategy director Joe Staton said.
2021-10-21
UK Consumer Confidence Weakens to 5-Month Low
The United Kingdom’s GfK Consumer Confidence index declined to -13 in September of 2021 from -8 in the previous month, below market expectations of -8. It was the lowest reading since April and the biggest monthly drop since October 2020 amid growing worries over energy bills, food costs and tax hikes. "All measures have declined this month and consumers are clearly worrying about their personal financial situation and the wider economic prospects for the year ahead," said Joe Staton, client strategy director at GfK.
2021-09-23
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

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.