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Consumer confidence remains stable in June

New data has shown that UK consumer confidence has remained stable in June as the country moves closer to the end of lockdown restrictions. The figures… View Article

GENERAL MERCHANDISE

Consumer confidence remains stable in June

New data has shown that UK consumer confidence has remained stable in June as the country moves closer to the end of lockdown restrictions.

The figures from GfK’s long running Consumer Confidence Index show that the overall index remained at -9 this month.

Joe Staton, client strategy director GfK, said: “While the shifting sands of an end to lockdown might be the closest most of us get to a summer beach holiday, consumer confidence remains stable at -9 after 16 months of a Covid-induced roller-coaster. A repetition of last month’s score doesn’t mean confidence is about to nose-dive. The upwards trajectory for the index since the dark days at the start of the pandemic is currently still on track.”

The index measuring expectations for the general economic situation over the coming 12 months dropped by six points to -2 this month, but this was still 46 points higher than in June 2020.

While the major purchase index increased by two points to -5, the index for the forecast for personal finances over the next 12 months came in one point higher in June at 11.

Staton added: “We have strong numbers for our personal financial situation, both for the past year and the year to come. In addition, this month’s further improvement in the major purchase index – the third month in a row – could see shoppers spending in anticipation of a staycation summer.”

Photo by Georgia Hawkins

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