Consumer Confidence in the United Kingdom declined to -36 points in May 2020 from a preliminary estimate of -34 and from -33 in the previous month, final data showed. It was the lowest print since January of 2009, as restrictions to curb COVID-19, a sticky daily death toll, and gradual reopening expectations dented confidence further. The Major Purchase Index improved for the second straight month but still remained well below trend. “Consumer confidence remains battered and bruised despite efforts at loosening the COVID-19 restrictions,” said GfK’s client strategy director.
Consumer Confidence in the United Kingdom averaged -9.20 points from 1981 until 2020, 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 June of 2020. source: GfK Group
Consumer Confidence in the United Kingdom is expected to be -36.00 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 -16.00 in 12 months time. In the long-term, the United Kingdom Consumer Confidence is projected to trend around -14.00 points in 2021 and -10.00 points in 2022, according to our econometric models.