london skyline

United Kingdom Consumer Confidence August 2018

United Kingdom: Consumer sentiment brightens in August but remains pessimistic

The GfK NOP consumer confidence indicator rose from minus 10 points in July to minus 7 points in August. However, the index remains firmly entrenched in negative territory, where it has been since April 2016, highlighting that consumers are broadly pessimistic.

August’s uptick reflected consumers’ improved views of the general economic situation over the last 12 months, and their personal financial situation over the last 12 months and for the year ahead. In addition, consumers grew markedly more likely to make major purchases, with the major purchase index jumping back into positive territory. Going forward, recent signs of faster wage growth, if maintained, could support confidence. However, ongoing Brexit uncertainty and tighter financial conditions will likely weigh on sentiment.

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