US EditionUK consumer morale inches up despite economic worries, GfK says
Household resilience lifted key confidence measures despite a two-point drop in economic expectations, with the Major Purchase Index 10 points higher than last year, GfK data shows.
- This month, the long-running Consumer Confidence Index rose one point to minus 16, reflecting household resilience rather than optimism, Neil Bellamy said it marks 10 years since positive territory.
- Observers say the shift echoes late 2022 period of political and economic uncertainty, with consumers reverting to cautious, self-reliant behaviours amid unease about the economy.
- The Major Purchase Index climbed one point to minus 10 this month, 10 points higher than last year, as consumers focus on controlling spending and saving.
- Despite some gains, mixed signals leave consumers cautious as perceptions of personal finances improve but concerns about the wider economy dampen the short-term outlook.
- Expectations for the general economic situation over the coming 12 months fell two points to minus 31, though that is three points higher than last January, while confidence in personal finances over the next year rose four points to six.
17 Articles
17 Articles
Consumer sentiment improved in January both month-on-month and year-on-year. Compared to December, the consumer confidence indicator was up three percentage points, and compared to January last year, it was up eight percentage points, the National Statistical Office announced today.
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‘Hints of optimism’ in consumer confidence
According to BRC-Opinium data, consumer expectations over the next three months of the state of the economy improved to -32 in January, up from -38 in December. Consumers’ personal financial situation improved to -8 in January, up from -10 in December and personal spending on… This story continues at ‘Hints of optimism’ in consumer confidence Or just read more coverage at Talking Retail
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