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UK consumers turn a little less gloomy in May, GfK survey shows
- UK consumer confidence increased in May 2025 amid improving economic conditions, according to a GfK survey conducted in the UK.
- The rise followed easing trade tensions, new agreements with the US and India, and a Bank of England interest rate cut on May 8, which helped calm previous economic uncertainty.
- Despite improved sentiment, anticipated retail spending fell to zero in May from +3 in April, reflecting consumers’ continued cautious approach to discretionary spending amid persistent inflation worries.
- Helen Dickinson of the British Retail Consortium stated reintroducing a tax-free shopping scheme could attract high-value shoppers and benefit retail, hospitality, and employment, potentially boosting economic growth.
- The mixed indicators suggest cautious optimism among UK consumers, with confidence gains tempered by inflation risks and subdued spending, signaling fragile but slowly improving consumer sentiment.
10 Articles
10 Articles
Consumer confidence increases three points in May 2025 - Big Furniture Group
UK consumer confidence improved in May as all measures were up during the month. According to the latest GfK Consumer Confidence Index, overall figures increased by three points to -20 in May. All measures were up in comparison to last month’s announcement. The Major Purchase Index, which includes big ticket items such as furniture, is up three points at -16; this is 10 points better than this month last year. The measure for the general economi…
Consumer confidence improves in early sign that 'the worst has passed'
Three major measures of consumer confidence all found an improvement in Brits’ economic sentiment in May, promoted by easing trade tensions and a cut in interest rates. GfK’s long-running Consumer Confidence Index increased by three points to -20 in May after dropping in ‘Awful April’ on inflation fears. “The measure for personal finances looking ahead for the next 12 months has moved out of negative territory… there’s a similar improvement in…
United Kingdom: Consumer Feeling Improved Slightly After Low Humor with Reduced Tariff Turbulence
Consumer confidence improved three points, reaching -20 in May, according to the monthly index of the GfK research group published together with the Nuremberg Institute for Market Decisions
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