UK consumer confidence may have inched up in June but concerns linger over inflation
UK consumers are feeling slightly better about the economy in June, although confidence is still fragile and concerns linger about the contents of their wallets. That's the overview from data company GfK with its long-running Consumer Confidence Index increasing by two points to -18 this month.
Another two of its measures were up and three were unchanged compared to last month's announcement.
The index measuring changes in personal finances during the last year is unchanged at -7, three points better than June 2024, while the forecast for personal finances over the next 12 months is also unchanged at +2, two points worse than this time last year.
The measure for the general economic situation of the country during the last 12 months is up three points to -43;, some 11 points worse than last June and expectations for the general economic situation over the next 12 months rose five points to -28, but still 17 points worse than June 2024.
The Major Purchase Index remains unchanged at -16, seven points better than this month last year, while the Savings Index dropped a further point to +27 in June, five points better than this time last year.
Neil Bellamy, Consumer Insights director at GfK, noted that overall confidence 'remains fragile … because the dark shadow of inflation is a day-to-day challenge for so many of us.
'With petrol prices set to rise in the coming weeks following the escalation of the conflict in the Middle East, and with ongoing uncertainty as to the full impact of tariffs, there is still much that could negatively impact consumers. With so much volatility, now is certainly not the time to hope for the proverbial 'light at the end of the tunnel'.'
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UK consumer confidence may have inched up in June but concerns linger over inflation
UK consumers are feeling slightly better about the economy in June, although confidence is still fragile and concerns linger about the contents of their wallets. That's the overview from data company GfK with its long-running Consumer Confidence Index increasing by two points to -18 this month. Another two of its measures were up and three were unchanged compared to last month's announcement. The index measuring changes in personal finances during the last year is unchanged at -7, three points better than June 2024, while the forecast for personal finances over the next 12 months is also unchanged at +2, two points worse than this time last year. The measure for the general economic situation of the country during the last 12 months is up three points to -43;, some 11 points worse than last June and expectations for the general economic situation over the next 12 months rose five points to -28, but still 17 points worse than June 2024. The Major Purchase Index remains unchanged at -16, seven points better than this month last year, while the Savings Index dropped a further point to +27 in June, five points better than this time last year. Neil Bellamy, Consumer Insights director at GfK, noted that overall confidence 'remains fragile … because the dark shadow of inflation is a day-to-day challenge for so many of us. 'With petrol prices set to rise in the coming weeks following the escalation of the conflict in the Middle East, and with ongoing uncertainty as to the full impact of tariffs, there is still much that could negatively impact consumers. With so much volatility, now is certainly not the time to hope for the proverbial 'light at the end of the tunnel'.'
Fashion Network
8 hours ago
- Fashion Network
UK consumer confidence may have inched up in June but concerns linger over inflation
UK consumers are feeling slightly better about the economy in June, although confidence is still fragile and concerns linger about the contents of their wallets. That's the overview from data company GfK with its long-running Consumer Confidence Index increasing by two points to -18 this month. Another two of its measures were up and three were unchanged compared to last month's announcement. The index measuring changes in personal finances during the last year is unchanged at -7, three points better than June 2024, while the forecast for personal finances over the next 12 months is also unchanged at +2, two points worse than this time last year. The measure for the general economic situation of the country during the last 12 months is up three points to -43;, some 11 points worse than last June and expectations for the general economic situation over the next 12 months rose five points to -28, but still 17 points worse than June 2024. The Major Purchase Index remains unchanged at -16, seven points better than this month last year, while the Savings Index dropped a further point to +27 in June, five points better than this time last year. Neil Bellamy, Consumer Insights director at GfK, noted that overall confidence 'remains fragile … because the dark shadow of inflation is a day-to-day challenge for so many of us. 'With petrol prices set to rise in the coming weeks following the escalation of the conflict in the Middle East, and with ongoing uncertainty as to the full impact of tariffs, there is still much that could negatively impact consumers. With so much volatility, now is certainly not the time to hope for the proverbial 'light at the end of the tunnel'.'
Fashion Network
8 hours ago
- Fashion Network
UK consumer confidence may have inched up in June but concerns linger over inflation
UK consumers are feeling slightly better about the economy in June, although confidence is still fragile and concerns linger about the contents of their wallets. That's the overview from data company GfK with its long-running Consumer Confidence Index increasing by two points to -18 this month. Another two of its measures were up and three were unchanged compared to last month's announcement. The index measuring changes in personal finances during the last year is unchanged at -7, three points better than June 2024, while the forecast for personal finances over the next 12 months is also unchanged at +2, two points worse than this time last year. The measure for the general economic situation of the country during the last 12 months is up three points to -43;, some 11 points worse than last June and expectations for the general economic situation over the next 12 months rose five points to -28, but still 17 points worse than June 2024. The Major Purchase Index remains unchanged at -16, seven points better than this month last year, while the Savings Index dropped a further point to +27 in June, five points better than this time last year. Neil Bellamy, Consumer Insights director at GfK, noted that overall confidence 'remains fragile … because the dark shadow of inflation is a day-to-day challenge for so many of us. 'With petrol prices set to rise in the coming weeks following the escalation of the conflict in the Middle East, and with ongoing uncertainty as to the full impact of tariffs, there is still much that could negatively impact consumers. With so much volatility, now is certainly not the time to hope for the proverbial 'light at the end of the tunnel'.'
