US EditionWarning Issued over UK’s Consumer Confidence Despite January Rise
- Consumer confidence increased by one point to minus-16 in January, according to figures from the Consumer Confidence Index.
- Confidence in personal finances rose four points to six, which is eight points higher than last year, as reported by GfK Consumer Insights Director Neil Bellamy.
- Expectations for the general economic situation fell two points to minus 31, although this is three points higher than last January.
- Despite a slight increase, consumers remain cautious, with many viewing the UK economy as an "untethered boat drifting slowly out to sea.
15 Articles
15 Articles
Consumer confidence has been negative for 10 years
Consumer confidence inched up slightly this month despite remaining in negative territory, a leading survey has indicated, indicating a degree of “resilience” despite a decade of consumer pessimism. The overall index score on GfK’s closely monitored consumer confidence survey rose by one point while feelings about personal finances over the next 12 months edged up four points. The overall index, which takes various confidence indicators into …
Consumer Confidence Data Shows ‘Hints Of Optimism’
The latest BRC-Opinium analysis of consumer confidence in the UK suggests people are slightly more optimistic, though they remain cautious about their spending. Consumer expectations for the next three months regarding the state of the economy improved to -32 in (more…) The post Consumer Confidence Data Shows ‘Hints Of Optimism’ appeared first on KamCity.
BRC: ‘Hints of optimism’ in consumer confidence - London Business News
According to BRC-Opinium data, consumer expectations over the next three months the state of the economy improved to -32 in January, up from -38 in December. Consumers personal financial situation… The post BRC: ‘Hints of optimism’ in consumer confidence appeared first on London Business News
Consumer optimism improves in January despite spending drop
Consumer confidence in the wider economy improved to -32 in January, rising from -38 in December, according to the latest data from the BRC-Opinium index. The index shows a monthly improvement in economic outlook despite a sharp decline in retail spending plans, as personal financial expectations rose to -8 from a previous -10. Retail spending expectations fell to -6 in January, a significant drop from the +6 recorded in December. Overall pers…
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