United Kingdom Consumer Confidence

United Kingdom

United Kingdom: Consumer confidence falls back into negative territory

September 30, 2014

In September, the GfK NOP consumer confidence indicator fell to minus 1 point, which contrasted the plus 1 point recorded in August. As a result, the index in now back in negative territory.

September’s figure was driven by a deterioration in expectations in most of the components that make up the index. Consumers’ views of their personal financial situations and their expectations regarding the general economic situation over next year recorded the largest drops compared to the previous month. In addition, households were less optimistic regarding the general economic situation over the last year. However, their willingness to make major purchases slightly improved compared to August.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.3% in 2014, which is unchanged over last month’s estimate. For 2015, the panel sees private consumption expanding 2.1%.

Author:, Senior Economist

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United Kingdom Consumer Confidence Chart

United Kingdom Consumer Confidence September 2014

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

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