United Kingdom Consumer Confidence

United Kingdom

United Kingdom: Consumer confidence index jumps to highest level in over a decade

June 30, 2015

In June, the GfK NOP consumer confidence indicator jumped from 1.0 point in May to 7.0 points. The figure marked the highest reading since January 2000.

June’s figure reflects an improvement in consumers’ perceptions regarding their personal finances as well as the general economic situation in the next 12 months. Adding to that, consumers were more willing to make major purchases in June 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 June 2015

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

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