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Industry News

Published on July 16th, 2019 | by The GC Team

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Consumer confidence slips back in June

Consumer confidence fell back to -13 in June after gaining three points in May.

All measures used to gauge the Index score declined, with the out look for Personal Finances and the General Economic Situation over the next 12 months (both down 4 points) the worst hit.

“Perhaps scores clustered around -13 are to be the ‘new normal’,” said Joe Staton, Client Strategy Director at research analyst GfK.

“While UK consumers continue to remain concerned about the wider economy, over which the woman or man in the street has no control, of greater worry are the falls in the measures for personal finance.

“These better reflect our hopes and fears for our everyday financial futures and this, coupled with a decline in the Major Purchase Index, could point to a turbulent time for the economy over the summer months.”

The Major Purchase Index, which measures consumer appetite for spending on big-ticket items, fell three points to -2.

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