london skyline

United Kingdom Consumer Confidence December 2022

United Kingdom: Consumer confidence rises but remains pessimistic in December

Consumer confidence rose to minus 42.0 in December from November’s minus 44.0. December’s result marked the best performance since July. Despite the uptick, the index remained below the 0-point threshold, indicating pessimism among consumers.

The reading was driven by improved sentiment regarding the general economic situation and consumers willingness to make major purchases. That said, all subsectors were still deep in negative territory.

Regarding the reading, Joe Staton, GfKs client strategy director, stated:

“December marks the eighth month in a row in which the Index has bumped along at -40 or worse, the first time this has happened since our records began nearly 50 years ago. […] The outlook for our personal financial situation over the next 12 months – perhaps the key metric as we enter a new year – is stuck at -29. […] with scant seasonal joy at present and no immediate prospect of fiscal good news, it is unlikely we will see a rebound in confidence anytime soon.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest