United Kingdom Consumer Confidence

United Kingdom

United Kingdom: Consumer confidence index drops in September

September 30, 2015

In September, the GfK NOP consumer confidence indicator dropped from 7.0 points in August to 3.0 points, thus reaching a four-month low.

September’s reading reflects a deterioration in consumers’ perceptions regarding their personal finances as well as the general economic situation in the next 12 months, thus bringing both sub-indices to their lowest level in seven and nine months, respectively. Adding to that, consumers were less willing to make major purchases in September compared to the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.8% in 2015, which is up 0.2 percentage points over last month’s estimate. For 2016, the panel sees private consumption expanding 2.5%.

Author:, Senior Economist

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United Kingdom Consumer Confidence Chart

United Kingdom Consumer Confidence September 2015

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

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