Economic news

UK Consumer Confidence Hits more than 2-Yr High in Sept, GfK

Sept 25 (Reuters) - British consumer confidence unexpectedly struck a more than two-year high this month as households ​grew more optimistic about their personal finances, ‌according to a survey on Friday that added to recent signs of resilience in the economy.

Market research ​firm GfK's Consumer Confidence Barometer rose to -13 ​in September, up one point from last ⁠month and marking its highest level since August ​2024, shortly after the governing Labour Party came ​to power.

A Reuters poll of economists had pointed to a fall to -16.

• GfK said consumers' confidence in the ​economic outlook also rose to its highest ​level since August 2024, while the mood around personal finances ‌hit ⁠an eight-month high

• Neil Bellamy, consumer insights director at GfK, said the deteriorating inflation outlook could start to weigh on households

• "While the headline ​score continues to ​improve, ⁠confidence is still firmly in negative territory. With inflation, energy and fuel ​prices rising, could we soon see ​consumer sentiment ⁠falter?" he said

• Separate consumer confidence readings from YouGov/Cebr and LSEG/Ipsos published this month hit their ⁠highest ​readings since February

• Surveys ​from BRC/Opinium and S&P Global have shown a fall in consumer ​confidence

Reporting by Andy Bruce; editing by Suban Abdulla

Source: Reuters


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree