Consumer Confidence in the United Kingdom decreased to -34 points in May from -33 points in April of 2020. It was the lowest print since February 2009, as restrictions to curb COVID-19 infections and gradual reopening expectations dented confidence further. The Major Purchase Index improved for the second straight month but at -47 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 -9.19 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 May 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.