United Kingdom Consumer Confidence December 2021

United Kingdom

United Kingdom: Consumer confidence falls and remains in negative territory in December

December 17, 2021

Consumer confidence fell to minus 15.0 in December from November's minus 14.0, amid rising Covid-19 cases and restrictions. As such, the index remained entrenched below the 0-point threshold, signaling sustained pessimism among consumers.

The fall came on the back of a deterioration in consumers' views of the general economic situation over the next 12 months. In addition, their sentiment regarding their financial situation over the next 12 months weakened, and consumers grew less willing to make major purchases.

Regarding the reading, Joe Staton, GfK’s client strategy director, stated:

“We end 2021 on a slightly depressed note and it looks like it will be a bleak midwinter for UK consumer confidence possibly with new Covid-19 curbs and little likelihood of any real uplift in the first months of 2022.”

FocusEconomics Consensus Forecast panelists see private consumption expanding 6.7% in 2022, which is unchanged from last month’s forecast, before rising 2.4% in 2023.


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United Kingdom Consumer Confidence December 2021

Note: GfK Consumer Confidence Index.
Source: The GfK Group.


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