United Kingdom Consumer Confidence

United Kingdom

United Kingdom: Consumer confidence index reaches highest level in nearly 13 years

April 1, 2015

In March, the GfK NOP consumer confidence indicator improved from February’s 1.0 points to 4.0 points, which marked the highest reading since September 2002.

March’s figure was driven by an improvement in consumers’ expectations regarding their personal financial situation over the next 12 months. In addition, consumers’ perceptions regarding the general economic situation over the next 12 months were better compared to the previous month. Their willingness to make major purchases improved compared to February and reached the highest level since January 2007.

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

Sample Report

Looking for forecasts related to Consumer Confidence in United Kingdom? Download a sample report now.

Download

United Kingdom Consumer Confidence Chart


United Kingdom Consumer Confidence March 2015

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


United Kingdom Economic News

More news

Search form