logo
EN-GB

29.03.2018

UK Consumer Confidence rises to -7 in March

Spring is in the air with increases across the board on personal finances, the general economy and purchase intentions

GfK’s long-running Consumer Confidence Index increased three points in March 2018.  All five of the constituent measures recorded higher values. 

Joe Staton, Head of Experience Innovation UK at GfK, says:

"Despite the Beast from the East leaving the nation shivering under a blanket of snow, stoic UK consumers turned faintly bullish this March with a three-point uptick in the Overall Index Score to -7. Spring is in the air with increases across the board on personal finances, the general economy – over the last year and next year – and on current major purchase intentions. The prospect of wage rises finally outstripping declining inflation, high levels of employment with low-level interest rates, and finally some movement on the Brexit front appear to have boosted our spirits. It’s still a little early to be talking about green-shoots, and the core score is of course still negative, but this is definitely a movement in the right direction. Consumers are feeling a tiny spring in their step – let’s see next month if April showers dampen the mood."

 UK Consumer Confidence Measures – March 2018 

The Overall Index Score in March 2018 is -7. All five of the measures increased in March.

 

Personal Financial Situation 

The index measuring changes in personal finances during the last 12 months has increased three points this month to +3; this is one point higher than this time last year.

The forecast for personal finances over the next 12 months has increased five points to +10 this month; this is seven points higher than March 2017.

General Economic Situation 

The measure for the General Economic Situation of the country during the last 12 months has increased three points to -26; this is five points lower than March 2017.  

Expectations for the General Economic Situation over the next 12 months have increased four points to -22; this is two points lower than this time last year.   

Major Purchase Index 

The Major Purchase Index has increased two points this month to +2; this is four  points lower than March 2017.  

Savings Index 

The Savings Index has increased one point to +13 in March; this is 14 points higher than this time last year.

Download press release

Download CCB Charts



Latest Press Releases

  • 31.07.2020
    GfK partners with stickee to roll-out Daily Pricing Monitor for the Telecom sector

    Real-time pricing insights for global telecom segments covering over 1 million device and service combinations

    Read more
  • 24.07.2020
    UK Consumer Confidence holds steady for July

    Improvement in ‘future personal finances’ measure is encouraging. Overall, three measures were up and two were down in comparison to the 4th COVID-19 flash of July 3rd.

    Read more
  • 03.07.2020
    UK Consumer Confidence improves three points

    GfK has released its 4th COVID-19 flash Consumer Confidence report using data gathered between 18th and 26th June. The Index has increased by three points over the past two weeks. Four measures increased and one measure decreased.

    Read more
  • 19.06.2020
    UK Consumer Confidence gains six points

    GfK’s long-running Consumer Confidence Index increased six points to -30 for June. All five measures were up in comparison to the 3rd COVID-19 flash of June 5th.

    Read more
View all Press Releases