United Kingdom Consumer Confidence

Last Release

Feb 28, 2025

Actual

-20

Units In

Points

-22

Frequency

Monthly

Next Release

Mar 21, 2025

Time to Release

24 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
10 Jun 1987	-49 Sep 2022	-10.96 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 rose by 2 points to -20 in February 2025, reflecting a slight improvement as households expressed more optimism about their personal finances and the broader economic outlook. Neil Bellamy, the consumer insights director at NIQ GfK, highlighted the shift from January, when all five key measures of consumer confidence declined, to February, when all of them saw an uptick. Consumers also benefited from lower borrowing costs, offering some relief amid ongoing economic uncertainties, which have been intensified by US President Donald Trump’s tariff threats. However, concerns remain about sluggish economic growth and persistent inflation, which could potentially lead to stagflation. Recent data revealed that the UK economy grew at a near standstill in the second half of 2024, while inflation surged unexpectedly to a ten-month high of 3% in January.