Concerns over job losses plague consumer confidence

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Consumer confidence remained the same for the second month running, as customers face growing economic concerns.

Shopper sentiment stayed at -27 in August, according to the GfK Consumer Confidence Index, down from -14 in the same month in 2019. 

People’s thoughts about their personal financial situation over the past year dropped slightly to -5, down one point on the previous month and four points lower than August 2019.

Consumer confidence in the general economic situation also declined by one point for both the past 12 months and looking ahead to the next year, to -62 and -42 respectively.

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