In July, the seasonally adjusted consumer confidence index elaborated by GfK NOP declined 5 points over the previous month to settle at minus 30 points, coming in below market expectations that had seen the index falling to minus 26 points. The July decrease in consumer sentiment reflected a deterioration in all five elements of the index. Most notably, respondents to the survey expect general economic situation over the next 12 months to worsen, with the index declining by 9 points. In addition, the personal financial situation over the next 12 months was also viewed more negatively, with the corresponding index falling by 4 points. Furthermore, the climate for major purchases index remains subdued and declined 3 points. Deteriorating consumer sentiment augurs ill for private consumption in the near term.
United Kingdom Consumer Confidence
Consumer confidence worsens in July
July 29, 2011
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United Kingdom Economic News
October 21, 2016
Following nearly four months of little or no news regarding formal negotiations with the European Union, in early October, Prime Minister Theresa May finally shed some light on the Brexit timeline and announced that Article 50 of the Lisbon Treaty will likely be triggered before the end of March 2017.
October 19, 2016
In September, jobless claims increased by 700 from the previous month, according to the Office for National Statistics (ONS).
October 18, 2016
In September, consumer prices increased 0.2% from the previous month, which came in below the 0.3% increase seen in the previous month.
October 8, 2016
In August, industrial production contracted 0.4% over the previous month in seasonally-adjusted terms, which contrasted the 0.1% increase recorded in July.
October 3, 2016
In September, the manufacturing sector recovered the ground it had lost after the EU referendum.