UK consumer confidence slips in June

Market research company GfK’s long-running Consumer Confidence Index has showed that confidence among consumers in the UK has decreased by three points to -13 in June.

The measure for the general economic situation of the country during the last 12 months decreased month to -32 during the month, four points lower than in June 2018, and expectations for the general economic situation over the next 12 months has decreased four points to -33.

Additionally, the major purchase index decreased three points in June 2019 to -2, two points lower than in June 2018.

Joe Staton, client strategy director at GfK, said: “With all measures falling across the board this month, we revert to the overall index score of -13 that we saw four times already this year. Perhaps scores clustered around -13 are to be the ‘new normal’ for consumer confidence?

“While UK consumers continue to remain concerned about the wider economy, over which the woman or man in the street has no control, of greater worry are the falls in the measures for personal finance. These better reflect our hopes and fears for our everyday financial futures and this, coupled with a decline in the major purchase index, could point to a turbulent time for the economy over the summer months.”