UK Preliminary Data Forecasts: Aug GfK Consumer Sentiment

By Jamie Satchithanantham

     LONDON (MNI) - July saw the GfK UK Consumer Sentiment Index fall back to a

low last seen in the immediate aftermath of the EU referendum, with consumers

less optimistic about the economic outlook and less inclined to make a major

purchase. 

     A month later and a material change does not seem on the cards as eroding

real wages and an ongoing, uncertain economic and political outlook still weigh

heavy on consumers.

     Of the three analysts polled thus far, two expect the index to move

sideways while the other, Investec, see a rebound back to June's -10 outturn.   

-----------------------------

                          Aug

                          GfK

                     Consumer

                    Sentiment

Date Out               31-Aug

Median                 -12.00

Forecast High           -10.0

Forecast Low            -12.0

Standard Deviation        1.2

Count                       3

Prior                   -12.0

Capital Economics       -12.0

Investec                -10.0

Oxford Economics        -12.0

     This survey will be updated on Tuesday Aug 29.

--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com

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