‘Battered’ consumer confidence declines in May

Woman with face mask street

Consumer confidence edged down this month as shopper concerns about the economy amid the coronavirus pandemic increased.

Consumer confidence declined one point this month to -34, according to the GfK’S consumer confidence index.

Shopper sentiment about the economy over the last year and for the year ahead fell seven points and one point to -55 and -54 respectively, as chancellor Rishi Sunak warned that the UK may be facing a “recession like we’ve never seen” earlier this week.

Both these scores are down 25 points respectively compared to May last year.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Three free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.