THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Consumer confidence drops for first time in six months in July

Consumer confidence in the UK fell for the first time in six months in July according to figures released by GfK in its latest Consumer Confidence Barometer.

GENERAL MERCHANDISE

Consumer confidence drops for first time in six months in July

Consumer confidence in the UK fell for the first time in six months in July according to figures released by GfK in its latest Consumer Confidence Barometer.

The research firm’s overall index score decreased by three points to -2 after crossing into positive territory for the first time in nearly ten years in June.

Nick Moon, managing director of social research at GfK, said: “All five of the component parts of the index fell this month, with four-point drops in both the questions about the country’s general economic situation being particularly noticeable.”

While the measure for consumers’ expectations for the general economic situation over the next 12 months fell by four points to 9, the ‘climate for major purchases’ index dropped by one point to -3. The measure for consumers’ personal financial situation over the next 12 months declined by one point to 2.

Moon added: “The almost relentless rise of the last six months couldn’t continue indefinitely, and the government will be hoping this is just a temporary setback rather than the forerunner of a wider decline in confidence.”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process