Consumer Confidence news and archive

March consumer confidence remains unchanged

Consumer confidence in March has remained steady despite a more optimistic outlook on personal finances. The GfK Consumer Confidence Index has stayed at -21, with a slight increase in expectations for the general economic situation over the next year and a notable rise in forecasts for personal finances, reported the Retail Bulletin. While...

Retail

UK Consumer Confidence improves in August

The long-observed Consumer Confidence Index by GfK has notched a five-point uptick, ascending to -25 in August. Key data from personal financial situations and general economic situations show growth compared to the prior month's assessment, noting a quiet optimism amongst consumers. Joe Staton, Client Strategy Director at GfK, said: "In the...

Retail

UK consumer confidence improves in September

Despite a surge in Covid-19 cases and increased social distancing measures imposed by the UK government, consumer confidence is up in September. New figures from the longstanding GfK Consumer Confidence Index, which has been tracking data since 1974, show an increase of two points. Joe Staton, client strategy director at GfK, said: “Despite...

Retail

Study shows UK consumers optimistic for coming year

Consumer confidence received a boost as optimism for the economy over the coming year increased. According to the GFK Consumer Confidence Index, UK consumer confidence increased by three points to -11 for December, the biggest increase since 2016. Joe Staton, Client Strategy Director at GFK, said: “There’s a clear sense of a change in consumer...

Retail

Consumer confidence drops ahead of December election

UK consumer confidence in October fell to its joint-lowest point in six years amid continued Brexit uncertainty and ahead of the 12 December general election. GfK’s Consumer Confidence Index decreased two points to -14 in October compared to -12 in September. Joe Staton, client strategy director at GfK, said in a statement: “In the face of...

Business

French consumer confidence goes back to pre-yellow vest levels

French consumer confidence increased again in February, reaching its highest level (95 points) since November, when the “yellow vests” protests started in the country, causing over 1 billion euros in losses as many retailers were forced to close doors. That’s according to a new report by France’s National Statistics and Economic Studies Office...

Retail

Irish consumer sentiment edges up in January

Irish consumer sentiment in January has edged up thanks to post-Christmas sales and positive job news, according to the KBC Bank/ESRI consumer Sentiment Index. Despite a backdrop of Brexit uncertainty, the index increased to 98.8 in January from 96.5 in December - the second monthly increase in the last three months, but still well below last...

RetailFeatured

'Season of uncertainty': UK consumer confidence drops to lowest point of the year

UK consumer confidence dropped to its lowest point of the year in November, falling three points to -13, according to GfK’s long-running Consumer Confidence Index. Commenting on the results in a statement, Joe Staton, client strategy director at GfK, said: “Against a backdrop of the Chancellor telling everyone that the Brexit deal on the table...

Retail

UK consumer confidence remains unchanged since February

GfK’s long-running Consumer Confidence Index remains stable at -6 in March. This is good news for retailers as the era of Brexit nearing hasn't yet had a greater negative impact in comparison with last month. Joe Staton, Head of Market Dynamics at GfK, stated: “No real upsets this month as the Barometer continues to bump along in negative...

RetailFeatured

UK consumer confidence drops in February

London - British retailers and fashion companies will be in for a shock as consumer confidence dips in February with Brexit and rising interest rates becoming reality. Research from Gfk, a company that provides global market insights, shows UK Consumer Confidence has dropped by one point in February to -6. Joe Staton, Head of Market Dynamics at...

Fashion

New confidence for UK retailers

UK retailers and businesses are seeing an improved confidence a new survey suggests. The BBC reported the quarterly Business Confidence Monitor, released by a professional body for accountants, says confidence is at its highest level since 2010. It also forecasts stronger economic growth in the second quarter, meaning fashion retailers could see...

Fashion

UK consumer confidence lowest since 2008

April has seen a decrease in consumer confidence, according to the GfK NOP, meaning big purchases and spending on fashion have been affected. With a decrease in spending and confidence, UK retailers look overseas to combat domestic high street blues. The fall in confidence corresponds to five measures; public perception of the country’s general...