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.

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United Kingdom Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-34.00 -33.00 10.00 -39.00 1981 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-30 11:01 PM Gfk Consumer Confidence Mar -9 -7 -15 -16
2020-04-05 11:01 PM Gfk Consumer Confidence Mar -34 -9 -30
2020-04-23 11:01 PM Gfk Consumer Confidence Apr -34 -34 -40 -46
2020-05-21 11:01 PM Gfk Consumer Confidence May -34 -33 -42
2020-06-04 11:01 PM Gfk Consumer Confidence Final May -33 -34 -34
2020-06-29 11:01 PM Gfk Consumer Confidence Jun -36
2020-07-30 11:01 PM Gfk Consumer Confidence Jul
2020-08-27 11:01 PM Gfk Consumer Confidence Aug


News Stream
UK Consumer Confidence Drops Further
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 restriction 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.
2020-05-21
UK Consumer Confidence Improves in Late April
British consumer confidence edged up to -33 in late April but remained close to its all-time low as the country remained in coronavirus lockdown. The index, that had dropped initially to -34 in early April, was revised up mainly due to an improvement in expectations regarding household’s financial situation (-11 vs -14 in early April) and the country’s economic situation (-53 vs -56) while consumers' willingness to make major purchases improved (-49 vs -52).
2020-05-08
UK Consumer Confidence Confirmed at 11-Year Low
The GfK consumer confidence in the United Kingdom was confirmed at -34 in April 2020, compared to -9 in March, its biggest fall in more than 45 years, after GfK ran an extra poll at the end of the month. The index is still five points above a historic low of -39 seen in July 2008. Since the flash estimate, one measure decreased, one improved and three remained unchanged. Notable, the general economic situation of the country during the last 12 months lost 4 points to -44. “Consumer Confidence has stayed steady at the minus -34 points recorded in our first COVID-19 flash of April 6th. It is too early to say whether this has now stabilised after weeks of adjustment to the reality of lockdown life, or whether further falls are to come,” said Joe Staton, Client Strategy Director at GfK.
2020-04-23
UK Consumer Confidence Suffers Record Fall
The GfK consumer confidence in the United Kingdom fell further to -34 in late March 2020 from -7 in the previous month, its biggest fall in more than 45 years, after GfK ran an extra poll at the end of the month. The index, that had dropped initially to -9 in early March, was revised to the lowest since February 2009 due to the negative impact of Covid-19. Households' willingness to make major purchases deteriorated sharply (-52 vs -2 in early March and +6 in February), despite a spike in demand for freezers, televisions and home office equipment as consumers prepare to spend most of the time at home. In addition, the gauges measuring personal finances and economic situation over the next 12 months also tumbled.
2020-04-06

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.