United Kingdom Consumer Confidence

United Kingdom

United Kingdom: Consumers more confident in January

January 30, 2015

In January, the GfK NOP consumer confidence indicator improved from minus 4.0 points in December to plus 1.0 point and now stands at its highest level since August 2014.

January’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 also recorded an improvement compared to December.

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

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United Kingdom Consumer Confidence Chart

United Kingdom Consumer Confidence January 2015

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

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