United Kingdom Consumer Confidence

Last Release

Jan 31, 2025

Actual

-22

Units In

Points

-17

Frequency

Monthly

Next Release

Feb 21, 2025

Time to Release

25 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
10 Jun 1987	-49 Sep 2022	-10.94 Points	1981-2025	GfK Group

In the United Kingdom, the consumer confidence survey measures the level of optimism that consumers have about the performance of the economy in the next 12 months. The GfK Consumer Confidence is derived from the survey of about 2,000 consumers which are ask to rate the relative level of past and future economic conditions including personal financial situation, climate for major purchases, overall economic situation and savings level.

Latest Updates

The GfK Consumer Confidence Index in the United Kingdom dropped by 5 points to -22 in January 2025, marking its lowest level since November 2023. This decline signals growing concerns over an economic slowdown. January's figure also significantly missed forecasts of -18, and reflected the sharpest monthly drop between December and January since 2011. All five components of the survey saw a decrease, driven by softening economic expectations. In addition, a rise in GfK’s savings index—although not part of the overall consumer confidence index—pointed to increased caution among households. The drop in confidence also highlights the impact of the government’s decision to raise taxes on businesses to fund investment and public services. This weakened sentiment supports a dovish outlook for the Bank of England, with market expectations now leaning toward an interest rate cut in February.