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.

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United Kingdom Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-31.00 -30.00 10.00 -39.00 1981 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-23 11:01 PM Gfk Consumer Confidence Jul -27 -30 -26 -26
2020-08-20 11:01 PM Gfk Consumer Confidence Aug -27 -27 -25 -24
2020-09-24 11:01 PM Gfk Consumer Confidence Sep -25 -27 -27 -26
2020-10-22 11:01 PM Gfk Consumer Confidence Oct -31 -30 -28 -26
2020-11-20 12:01 AM GfK Consumer Confidence Nov -31 -28
2020-12-18 12:01 AM GfK Consumer Confidence Dec -24


News Stream
UK Consumer Confidence Drops More than Expected
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.
2020-10-22
UK Consumer Confidence Improves in September
The United Kingdom’s Gfk Consumer Confidence rose to -25 in September 2020 from -27 in the previous month, ahead of further lockdowns. Three sub indices improved, one deteriorated and one stayed the same. The largest gains were seen in the general economic situation for the next 12 months (up four points to -38) and the major purchase index (up four points to -21). “Despite unfavourable double-dip economic headwinds and the threat of a second lockdown, we have seen an uptick for September as the Overall Index Score climbs to -25 from the near-historic low of -36 in our early June ‘flash’,” said Joe Staton, GfK’s Client Strategy Director.
2020-09-25
UK Consumer Confidence Remains Unchanged
The United Kingdom’s Gfk Consumer Confidence remained unchanged at -27 in August 2020 from the previous month, as personal finances optimism improved but the economy’s outlook deteriorated. The Major Purchase Index edged up one point to -25. "Employment is now the big issue because the pandemic has ended years of job security. Yes, discounted dinners have proved a winner with hungry consumers across the country this month, but it’s difficult to see significantly increased appetite for other types of spending for now”, said Joe Staton, GfK’s Client Strategy Director.
2020-08-20
UK Consumer Confidence Improves in July
The United Kingdom’s Gfk Consumer Confidence rose to -27 in July 2020 from -30 in the previous month, as consumers appear to be slightly more confident as lockdown loosens across parts of the UK. Three sub-indices were up and two were down in comparison to the previous reading. The component of personal financial situation over the next 12 months climbed 4 points to stand at 0, while the personal financial situation over the previous 12 months increased 5 points to -4. The Major Purchase Index advanced 6 points to -26. "Many people have been savvy and saved money during lockdown, as the most recent GDP figures show. That could explain the one bright spark on the horizon -- the three-point uptick in consumer expectations for the financial position of their households in the next 12 months,” said Joe Staton, GfK‘s Client Strategy Director.
2020-07-24

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.