The Deloitte Consumer Tracker measures UK consumer confidence on a quarterly basis. July UK Consumer Confidence Index: The pain is real. (Sharecast News) - UK consumer confidence was steady in July as lockdown measures were eased, according to a survey released on Friday by market research group GfK. It was the lowest print since February 2009, as restriction to curb COVID-19 infections and gradual reopening expectations dented confidence further.
Despite significant caution on the state of the economy, and continued concerns about job security and career progression, consumers intend to start spending again in the quarter … In July, it remains in depressed territory, at minus 27 versus prior at minus 30 in June and expected at minus 26. Fears of rising redundancies and concerns about the health risks of high street shopping have hit consumer confidence, according to a closely watched survey that flatlined last month. Planned and actual spending on both non-essentials (beauty, clothing and footwear), as well as big ticket items (furniture and large electronics), is increasing – an encouraging sign of improving consumer confidence. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.
“Consumer confidence remains battered and bruised despite efforts at loosening the COVID-19 restrictions,” said GfK’s client strategy director.
Consumers in the UK are emerging from the last three months in a slightly more positive mood, a closely-watched industry gauge showed today, with plans to start spending again.
Both indicators remain well below their long-term averages of -11.1 (Euro Area) and -10.5 (EU). Summary: The GfK consumer confidence index in the United Kingdom casts doubt on V-shaped recovery.
Bank of England says fear of rising redundancies and concerns over shopping health risks are limiting spending Fears of rising redundancies and concerns about the health risks of high street shopping have hit consumer confidence, according to a closely watched survey that flatlined last month.The GfK barometer for July showed confidence petering out, despite rising in May and June.
The Major Purchase Index improved for the second straight month but still remained well below trend.
I think it’s safe to say that 2016 has been one of the most interesting years since the GfK Consumer Confidence Barometer (CCB) started back in 1974. Consumer Confidence in the United Kingdom decreased to -34 points in May from -33 points in April of 2020. * Copyright © 2020 Insider Inc. and finanzen.net GmbH Confidence will remain fragile for some time and the possibility of another spike in Covid-19 cases as we adapt to the 'new normal' is an obvious danger," Mr. Staton said.The survey for the measurement was conducted between May 1 and May 14 among a sample of 2,000 individuals.
UK consumer confidence drops to lowest level since Brexit result The GfK index came in at -12 in November, down from -10 in October. It was the lowest print since January of 2009, as restrictions to curb COVID-19, a sticky daily death toll, and gradual reopening expectations dented confidence further. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.
The barometer has been roughly at the same low level since the last two weeks of March, when the nation entered a state of lockdown in an attempt to slow the spread of the coronavirus.The marginal retreat of the barometer in the last two weeks shows that consumer confidence in the U.K. remains battered and bruised despite efforts at loosening restrictions, Joe Staton, GfK's client strategy director, said in prepared remarks. TEForecast Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.
By Michele Maatouk. The major purchase index advanced notably by seven points as more shoppers hit the high streets. UK consumers emerge from Q2 in a cautious but slightly more positive mood, following a record decline in consumer confidence in the first quarter of the year, according to the latest Deloitte Consumer Tracker. Consumer confidence in the UK edged up fractionally at the end of April after it previously hit its lowest level in over a decade amid the coronavirus pandemic, new data has shown. 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. While custom remains well below pre-Covid levels, sales data from hospitality groups show that trade reached nearly 70% of normal levels in the second week after lockdown restrictions were eased.The GfK barometer survey for July showed confidence among consumers remained stagnant as lockdown eased.The GfK barometer survey for July showed confidence among consumers remained stagnant as lockdown eased. Respondents are asked about four distinct areas of confidence.
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