New Year lifts Consumer Confidence in the UK?
GfK NOP Consumer Confidence - January 2010
London, January 29, 2010 - The GfK NOP Consumer Confidence Index for the UK rose by two points this month to -17. Confidence in “general economy” over the last 12 months has risen by four points to -57. Confidence in general and confidence in their own personal situation in the next 12 months have both increased. The ‘major purchase Index’, has stayed the same at -16.
Nick Moon, MD of GfK NOP Social Research comments, "Alongside the news that the economy has just crept out of recession, the return of the CCB to upward movement after two months of falling back will be welcome news for the government. The measure remains clearly negative, but is 20 points higher than it was a year ago.”
UK Consumer Confidence Measures – January 2010
The overall index score this month rose by two points and is now at a score of -17, twenty points higher than this time last year. Three of the five measures this month increased with the remaining two measures staying the same as December 2009. The annual moving average also improved and is now, -24.
General Economic situation over next 12 months
Measure
Jan 10
Dec 09
Jan 09
Overall index score
-17
-19
-37
Personal Financial situation over last 12 months
-14
-14
-18
Personal Financial situation over next 12 months
+4
+3
-14
General Economic situation over last 12 months
-57
-61
-80
-2
-6
-48
Climate for major purchases
-16
-16
-27
Personal Financial Situation
The index measuring changes in personal finances during the last year has remained the same this month with a score of -14; this is four points higher than this time last year.
The forecast for personal finances over the next year increased by one point to a score of +4, this is eighteen points higher than January ‘09.
General Economic Situation
The measure for the general economic situation of the country during the last twelve months has risen by four points to –57; twenty three points higher than this time last year.
An expectation for the general economic situation over the next twelve months has increased by four points to -2, this is fourty-six points higher than January ‘09.
Climate for Major Purchases
The major purchases measure has stayed the same this month at -16; eleven points higher than this time last year.
Savings Index
The ‘now is a good time to save’ Index, has increased six points to -2, which is sixteen-points higher than January ‘09.
About GfK NOP
GfK NOP Ltd is part of the GfK Group and a leading market research agency in the UK and internationally. It is a renowned supplier of market information and insight, offering sector specialists and best-in-field research for qualitative, quantitative, ethnographic, omnibus and online research services.
More information
For more information or interviews on GfK NOP's Consumer Confidence index, please contact:
Allison Joyce
PR Manager
020 7890 9000
Allison.Joyce@gfk.com
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