UK consumer confidence rose modestly in June, with GfK's long-running Consumer Confidence Index increasing by two points to -18, according to the latest Consumer Confidence Barometer (CCB) powered by the Nuremberg Institute for Market Decisions (NIM).
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The June data shows improvements in public sentiment toward the UK's general economic outlook, with two of the five core measures rising and three remaining unchanged. The index measuring the general economic situation over the past year rose three points to -43, while expectations for the year ahead improved by five points to -28.
Neil Bellamy, Consumer Insights Director at GfK, an NIQ company, noted: 'Headline consumer confidence has improved marginally in June, rising two points to -18. This is driven by improvements in how consumers see the general economy, with scores up three points (looking at last year) and up by five points (looking at the next 12 months). Consumers have been resolute in their views on their wallets with June's personal financial situation scores (past and future) unchanged from May. Yet confidence is still fragile because the dark shadow of inflation is a day-to-day challenge for so many of us.'
He added: 'With petrol prices set to rise in the coming weeks following the escalation of the conflict in the Middle East, and with ongoing uncertainty as to the full impact of tariffs, there is still much that could negatively impact consumers. With so much volatility, now is certainly not the time to hope for the proverbial 'light at the end of the tunnel'.'
The survey, conducted between 30 May and 13 June among 2,001 UK adults, continues to provide valuable insights into public sentiment on personal finances, economic conditions, major purchases, and savings, a pulse check on the UK consumer psyche since 1974.
More information:
NIQ
www.nielseniq.com