empty
 
 

2020.09.2508:53:00UTC+00UK Consumer Sentiment Improves In September: Gfk

UK consumer confidence improved in September despite fears of a second wave of coronavirus infections, survey data from the market research group Gfk showed Friday. The consumer confidence index rose unexpectedly to -25 in September from -27 in August. The score was forecast to remain at -27.

Among sub-components, three measures increased, one decreased and one remained unchanged in comparison to the August 21st announcement.

The indicator for past personal financial situation fell to -7 from -5 in August, while that for future financial situation held steady at 1.

Consumers' assessment of both past and future general economic situation improved in September. The past economic situation index gained one point to -61 and that for future situation climbed four points to -38.

Joe Staton, client strategy director at GfK, said, "Despite unfavourable double-dip economic headwinds and the threat of a second lockdown, we have seen an uptick for September as the Overall Index Score climbs to -25 from the near-historic low of -36 in our early June 'flash'."

"Consumers are as jittery as stock markets right now and as the UK government puts the brakes back on - and there may be more to come - only an unbridled optimist will bet on confidence climbing further," Staton added.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback