The United Kingdom’s Gfk Consumer Confidence declined to -31 in October 2020 from -25 in the previous month and compared to consensus of -28, as further lockdowns to contain the second wave of coronavirus cases weighed heavily. All five sub indices deteriorated, with the general economic situation over the next 12 months plunged 12 points to -50. Meanwhile, the personal financial situation over the last 12 months lost 2 points to -9 and over the next 12 months edged down 1 point to 0. The major purchase index fell 6 points to -27. “This is news we could do without at any time of year, but in the run-up to the traditional Christmas spending season it’s a particularly unwelcome spectre at the feast,” said GfK’s client strategy director Joe Staton. source: GfK Group
Consumer Confidence in the United Kingdom averaged -9.40 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 October of 2020.
Consumer Confidence in the United Kingdom is expected to be -24.00 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.