United Kingdom Consumer Confidence

Last Release

Mar 31, 2024

Actual

-21

Units In

Points

-21

Frequency

Monthly

Next Release

Apr 26, 2024

Time to Release

1 Months 2 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
10 Jun 1987	-49 Sep 2022	-10.82 Points	1981-2024	GfK Group

In the United Kingdom, the consumer confidence survey measures the level of optimism that consumers have about the performance of the economy in the next 12 months. The GfK Consumer Confidence is derived from the survey of about 2,000 consumers which are ask to rate the relative level of past and future economic conditions including personal financial situation, climate for major purchases, overall economic situation and savings level.

Latest Updates

The GfK Consumer Confidence indicator in the United Kingdom unexpectedly posted at -21 in March 2024, unchanged from February and missing market expectations for a slight improvement to -19 as the cost of living crisis and wider economic uncertainties continued to dampen sentiment. Two indexes measuring consumer confidence were down compared with last month, namely the general economic situation over the past 12 months and the major purchase index. Meanwhile, the indexes measuring consumers’ confidence in their personal financial situation over the past 12 months and the next 12 months, as well as the general economic situation over the next 12 months all increased. Joe Staton, client strategy director at GfK, said: “Consumer confidence stalled at minus -21 in March, following the two-point dip in February. The improved personal finance measure (next 12 months) at 2 is encouraging because it’s the first positive and the highest score since December 2021.”