United Kingdom Consumer Confidence January 2016

United Kingdom

United Kingdom: Consumer confidence reaches five-month high in January

February 1, 2016

In January, the GfK NOP consumer confidence indicator improved from 2 points in December to 4 points, thus reaching a five-month high.

January’s reading mainly reflects an improvement in consumers’ perceptions regarding the general economic situation in the last 12 months. However, in January, consumers’ perception regarding their personal finances in the next 12 months remained unchanged over the previous month. Conversely, consumers were more willing to make major purchases in January compared to the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 3.0% in 2016, which is unchanged over last month’s estimate. For 2017, the panel sees private consumption expanding 2.7%.

Author:, Senior Economist

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United Kingdom Consumer Confidence Chart

United Kingdom Consumer Confidence January 2016

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

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