Consumer confidence inches up but ‘too early to talk about green shoots’

Shoppers walking on Carnaby Street

The GfK consumer confidence index increased by seven points to -38 in February in a surprise rebound after languishing at historic lows. 

The index fell to its lowest at -49 in September last year, followed by a steady increase and then a decline to reach -45 in January 2023.

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 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:

  • Two free article views per calendar month on
  • 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.