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UK GfK Highest Since Nov-21

UK DATA
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UK GfK Consumer Confidence rose for the third consecutive month slightly more than expected by 3 points to -14 (vs -16.0 consensus, -17 prior) in June - the highest level seen since November 2021.

  • 3 of 5 subcomponents improved, although all are above levels seen in June 2023. In particular, 'General Economic Situation over next 12 months' improved by 6 points to -11 and 'Major Purchase Index' rose 3 points to -23.
  • Meanwhile, 'Personal Financial Situation over next 12 months' fell 3 points to 4.
  • The chart below shows, that although the progress is slowing, as inflation continues to soften consumer confidence continues to rise.
  • June's survey was conducted among a sample of 2,011 individuals from May 31st to June 14th.
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UK GfK Consumer Confidence rose for the third consecutive month slightly more than expected by 3 points to -14 (vs -16.0 consensus, -17 prior) in June - the highest level seen since November 2021.

  • 3 of 5 subcomponents improved, although all are above levels seen in June 2023. In particular, 'General Economic Situation over next 12 months' improved by 6 points to -11 and 'Major Purchase Index' rose 3 points to -23.
  • Meanwhile, 'Personal Financial Situation over next 12 months' fell 3 points to 4.
  • The chart below shows, that although the progress is slowing, as inflation continues to soften consumer confidence continues to rise.
  • June's survey was conducted among a sample of 2,011 individuals from May 31st to June 14th.