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.
UK consumer confidence took a fall of nine points in October as the cost-of-living crisis continues to exert “acute pressure for many customers” ahead of the festive season.
UK consumer confidence inched up four points in September as inflation slowed, but customers continue to face financial pressure.
UK consumer confidence regained momentum in August showing signs of “renewed optimism” after it had a dramatic six-point fall in July.
UK consumer confidence took a dramatic six-point dip after showing steady signs of recovery over the past six months as resilience starts to collapse and reality bites.
UK consumer confidence increased for the fifth month in a row despite “fierce economic headwinds of the cost-of-living crisis” and “double-digit grocery price increases”.
UK consumer confidence increased for the fourth month in a row since January as May saw an “encouraging three-point uptick” though it could still be a “rocky ride out of these tough times”.
The GfK Consumer Confidence Index increased six points to -30 in April compared with last month – a 20-point recovery since January this year.
UK consumer confidence has jumped by two points in the month of March, though the outlook remains gloomy.
The GfK consumer confidence index increased by seven points to -38 in February in a surprise rebound after languishing at historic lows.
UK consumer confidence dropped again in January and showed little signs of improvement as it reached near-historic lows.
UK consumer confidence inched up two points in December but remains at record low levels as retailers warned of a tough road ahead.
Air fryers, heated clothes airers and electric blankets bucked the downward trend for Black Friday sales this year, according to point-of-sale data by analysts GfK.
Consumer confidence has increased slightly, up from the historic lows it reached in recent months.
Retailers need a Christmas miracle. With unaffordable fuel bills and economic turmoil wreaking havoc on consumer confidence, the backdrop of this year’s festive season is looking closer to a Dickens novel than a winter wonderland
Consumer confidence was boosted by former chancellor Kwasi Kwarteng’s mini-budget but remains in the doldrums as shoppers grapple with the “new abnormal”.
Consumer confidence has hit a record low for four out of the last five months, as shoppers’ concerns about personal finances and the economy in the year ahead spike.
Consumer confidence tumbled to an all-time low in August as the UK prepares for a bleak winter.
Consumer confidence remained low in July as shoppers feel the cost-of-living pinch
Consumer confidence has taken another blow in June as the cost-of-living crisis worsens.