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Consumer confidence continues gradual recovery amid household bill concerns
The index posted its third straight monthly gain as stronger views of the economy and personal finances outweighed worries about bills and inflation.
- On Friday, the GfK Consumer Confidence Barometer rose to-13 in September, marking its highest level since August 2024. British households grew more optimistic about personal finances.
- This rise marks the third consecutive monthly increase for the Consumer Confidence Index, the first time since summer 2024, continuing gradual recovery. The headline score remains firmly in negative territory.
- Expectations for the general economy over the coming 12 months rose to minus 22, while personal finance confidence reached five. The major purchase index fell one point to minus 8, indicating hesitation over big-ticket spending.
- Neil Bellamy, consumer insights director at GfK, warned the deteriorating inflation outlook could weigh on households. The savings index rose five points, suggesting some consumers are building a financial buffer.
- Other research presents a mixed picture, as Ipsos reported high readings this month while BRC and Opinium Surveys have shown a fall in consumer confidence. These conflicting indicators highlight ongoing economic uncertainty.
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Consumer confidence hits two-year high but 'could soon falter'
Consumer confidence has surged to a two-year high in a surprise rise which will hand a much-needed boost to Andy Burnham ahead of the Budget – but experts have warned that momentum could soon run out. GfK’s closely-watched consumer confidence barometer rose to -13 in September, a rise of about one point since last month [...]
·London, United Kingdom
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UK consumer confidence hits more than two-year high in September, GfK says
Sept 25 (Reuters) - British consumer confidence unexpectedly struck a more than two-year high this month as households grew more optimistic about their personal finances, according to a survey on Friday that added to recent signs of resilience in the...
Coverage Details
Total News Sources9
Leaning Left3Leaning Right1Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 38%
C 50%
12%
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