Consumer confidence remains bullish in January
New figures have revealed that UK consumer confidence has remained upbeat in January.
GfK’s latest Consumer Confidence Barometer shows that the main headline index increased by two points to 4 in the month.
Joe Staton, head of market dynamics at GfK, said: “UK consumers remain resiliently bullish this month with no sign of the January Blues denting their view on the state of their personal finances for both the past year and also for the rest of 2016.”
While the index measuring the forecast for personal finances over the next 12 months stayed the same at 9, the index measuring consumers’ expectations for the general economic situation over the next year edged up one point to -5.
Meanwhile, the index measuring the climate for major purchases increased by nine points to 16; this is eleven points higher than the same time last year.
Staton added: “Despite some gains this month on the general economic situation for the UK – looking back and looking forward – consumers remain pessimistic with these two components of the Index still in negative territory. February’s barometer will make for interesting reading given the rocky start to global markets this year and the impact on prospects for the year ahead.”