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UK consumer confidence remains stable
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Consumer confidence shows signs of recovery
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Consumer confidence boosted by hopes for economy Print
Consumer confidence increased five points to -23 in February, new research reveals.
GfK’s long-running Consumer Confidence Index finds four measures of confidence increased from 22 January and one measure was flat.
Joe Staton, GfK’s client strategy director, said: “With the headline confidence score up by five points this month, driven by an energetic 14-point jump in how we view the economy for the coming year, it would be tempting to talk of a return to ‘normality’. But would it be more realistic to talk of challenges? We need to be cautious because the positive tailwinds of the vaccination roll-out are being met by the very strong headwinds of unemployment, the threat of inflation, and the difficulty that many face in affording day-to-day living costs – all serious issues that can dampen consumer confidence.
Consumer confidence falls despite vaccine hope Print
Consumer confidence has continued to fall in January, despite the ongoing roll-out of the covid-19 vaccine programme.
GfK’s long-running Consumer Confidence Index shows confidence decreased two points to -28 in January. Four measures of consumer confidence decreased in comparison to figures released on 18 December, while one measure of confidence increased.
Joe Staton, GfK’s client strategy director, said: “Despite the widespread anticipation of a ‘return to normal’ with the ramp-up of the vaccination programme, it is too early to deliver a jolt in the arm to UK consumer confidence. Our view of the general economic situation still makes for grim reading, especially expectations for the coming year, which shows a nine-point drop. This continues to suppress the overall index, which is further dampened by a weak major purchase score, as reflected in retail sales figures across the country.