United Kingdom Consumer Confidence September 2020

United Kingdom

United Kingdom: Consumer confidence rises to six-month high in September, but remains downbeat

September 25, 2020

Consumer confidence rose to minus 25.0 in September from August's minus 27.0. September's result marked the strongest reading since March.

The rise came on the back of an improvement in consumers’ views on the general economic situation, and a greater willingness to make major purchases.

On the outlook, Joe Staton, GfK’s client strategy director, comments:

“Consumers are as jittery as stock markets right now and as the UK government puts the brakes back on – and there may be more to come – only an unbridled optimist will bet on confidence climbing further.”

FocusEconomics Consensus Forecast panelists see private consumption contracting 10.7% in 2020, which is down 0.3 percentage points from last month’s forecast, before rising 7.8% in 2021.


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United Kingdom Consumer Confidence Chart

United Kingdom Consumer Confidence September 20 20

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

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