THE RETAIL BULLETIN - The home of retail news
Lest we forget
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 rises in June

Figures released by GfK have shown that consumer confidence rose in June as UK consumers were less pessimistic about their ability to make major purchases.

GENERAL MERCHANDISE

Consumer confidence rises in June

Figures released by GfK have shown that consumer confidence rose in June as UK consumers were less pessimistic about their ability to make major purchases.

The research firm’s headline index rose one point in the month to -21 which GfK said was driven by a five point rise in the climate for making major purchases index to -20.

While the measure for personal finances over the next 12 months declined by 2 points to -7, the measure for the general economic situation of the country for the next 12 months increased by two points to -16.

Nick Moon, managing director of social research at GfK, said: “A one point rise is not of itself important, but what matters more is that it is another marker in what now appears to be a clear upward trend.

“What makes this apparent good cheer somewhat surprising, and which may prevent the government breaking out the champagne quite yet, is that the improvement comes at a time when there has been a flurry of recent reports showing that people are not only getting worse off, but they are likely to continue to do so.”

Moon added that the five point jump in the climate for major purchases measure could be a reflection of a proliferation of special offers by retailers. But this alone was not enough to account for the overall upward trend in confidence over the last year, he said.

Data released by ONS this month shows that the UK has dropped from 5th to 12th in the national standings for real household income, two months after another ONS report showed that real disposable income fell in the last quarter of 2012. 

 

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

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
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
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
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
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues