consumer confidence

Shopping Is The Best Therapy: Consumer Confidence High Despite General Election

Shopping Is The Best Therapy: Consumer Confidence High Despite General Election

UK consumer confidence has hit high a four month high despite the political and economic uncertainty caused by the general election – according to a report by GfK. The survey of 2,000 people between 1 May and 15 May has revealed consumer morale has risen to -5 from -7, despite some predictions it would fall to as low as -8. Despite the optimism however, it’s suggested that most of the negative effects of last year’s vote to leave the European Union, such as a weakened pound and high energy costs, have yet to filter through to a majority of households. Furthermore, another report from Lloyds Bank has suggested that small businesses are a lot less optimistic than their customers, with business confidence falling sharply in May to below its long run average – despite hitting a 17-month ... »

Consumer Confidence at Lowest in 15 Months in Light of Impending EU Vote

Consumer Confidence at Lowest in 15 Months in Light of Impending EU Vote

UK consumer confidence is at its lowest level in 15 months, according to a report by GfK out today. GfK’s survey of 2,000 people found that its consumer confidence index dropped to -3, compared to 0 in March, making it the weakest reading since December 2014. The market research group has suggested that the upcoming EU referendum and the financial instability of the Eurozone has created a sense of ‘uncertainty’ among consumers. Despite this, economists are divided over how much of the recent slowdown in UK growth is actually down to fears of a potential Brexit. Official figures this week showed GDP growth dropped to 0.4% in the first quarter of 2016 from 0.6% in the final three months of 2015 but the Office of National Statistics (ONS) said this was not linked to the impending refere... »

Consumer Confidence Barometer

Consumer Confidences Rises Slightly

Small Business News – 27th February 2009 For those small businesses that rely on consumers to keep trading there’s a little ray of sunshine in the fact that consumer confidence rose slightly in February according to figures from pollsters GfK NOP. The poll, on behalf of the European Commission, found that consumer confidence, whilst 18 points down on the same time last year, rose a meagre 2 points over last month’s low of -37. Whilst confidence is up but still low, the good news is that consumer perceptions of the economic situation over the next 12 months have improved. The basic premise is that this time next year things will be better. Savings & pensions may be suffering from the low interest rate but reduced monthly mortgage payments may have put a few pounds back... »