GfK’s UK Consumer Confidence Barometer has been running since 1974 and is the leading indicator of shopper sentiment in the UK. The monthly survey is conducted among a representative sample of around 2,000 UK consumers aged 16 and above. GfK questions consumers about their personal economic situation, the general economic situation of the UK, and whether or not they feel the timing is right to make major purchases or save their money. Consumer confidence has been tested over the past few years following Britain’s exit from the EU and the coronavirus crisis.
The ONS has reported that sales volumes fell by 1.3% month on month in April, the fastest pace in nearly a year, down from a 0.6% rise in March.
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GfK’s headline consumer confidence measure fell by four points in April to -25, hitting its lowest level since October 2023
Consumer confidence was down two points in March, according to the GfK consumer confidence tracker, with appetite for major purchases dropping sharply
Reduced confidence in personal financial situation and major purchase intentions contributed to a three-point dip in consumer confidence in February.
Consumer confidence has risen by two points to -17 since November, according to GfK’s consumer confidence index, as overall results show stagnation from last year.
Any hopes that consumers were saving their spending for Black Friday seem to have been unfounded, putting added pressure on the run-up to Christmas
Consumer confidence has dipped as shoppers await the imminent Budget on November 26.
Consumer confidence has inched up as shoppers look forward to Black Friday, according to the latest figures.
The latest numbers from GfK’s Consumer Confidence Index showed a two-point drop in September, while optimism about the economy has cratered since the Labour government came to power.
Consumer confidence has risen slightly in August, but this may not last long as there are “clouds on the horizon in the form of inflation”.
The British public is cautious about what’s to come when looking at the economy and their personal finances, according to the latest GfK consumer confidence index.
Consumer confidence in the UK has edged up in June as sentiment on the economic outlook has improved.
Consumer confidence nudged up in May across all key indicators despite economic concerns, including inflation and Trump’s tariffs, having “not disappeared”.
Consumer confidence fell four points in April as cost increases across household bills, taxes, and retail goods along with Trump’s tariffs are causing concern.
Consumer confidence increased in March due to the public seeming more positive about the economy – but there are warnings that confidence is still “fragile”.
The release of the ONS’ retail sales on Friday was the latest in a surprisingly positive flurry of economic indicators in what is supposed to be the saddest month of the year
Consumer confidence has risen two points in February, as the public is more optimistic about their personal finances in the year ahead despite the ongoing cost-of-living crisis being “far from over”.
Retailers do not have many reasons to be cheerful right now, but a lift in consumer spending would be a very welcome balm for some of their troubles.
The British public is less confident about the economy and their personal finances, according to the latest GfK consumer confidence index.
Consumer confidence has increased by one point in December, but the public are still cautious about the economic outlook and spending big money.
Consumer confidence has risen three points in November, as the public moves on from the “potentially worrying impact” of the Budget and Trump’s election in the US.
