UK Consumer Confidence at Highest Level Since August 2024, GfK Survey Finds
Latest Insights from the GfK Consumer Confidence Barometer
Overview of Consumer Confidence Trends
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 economy.
Market research firm GfK's Consumer Confidence Barometer rose to -13 in September, up one point from last month and marking its highest level since August 2024, shortly after the governing Labour Party came to power.
A Reuters poll of economists had pointed to a fall to -16.
Key Findings from the Survey
- GfK said consumers' confidence in the economic outlook also rose to its highest level since August 2024, while the mood around personal finances hit an eight-month high
- Neil Bellamy, consumer insights director at GfK, said the deteriorating inflation outlook could start to weigh on households
- "While the headline score continues to improve, confidence is still firmly in negative territory. With inflation, energy and fuel prices rising, could we soon see consumer sentiment falter?" he said
Comparison with Other Consumer Confidence Surveys
- Separate consumer confidence readings from YouGov/Cebr and LSEG/Ipsos published this month hit their highest readings since February
- Surveys from BRC/Opinium and S&P Global have shown a fall in consumer confidence
Reporting and Editorial Credits
(Reporting by Andy Bruce; editing by Suban Abdulla)
