2026.10.2223:01:00UTC+00UK GfK Consumer Confidence Slumps to -24 in October, Reversing Recent Improvement

Consumer sentiment in the United Kingdom deteriorated sharply in October 2026, with the GfK Consumer Confidence Index falling to -24 from -13 in September. The latest reading, updated on 22 October 2026, signals a significant pullback in optimism after a comparatively stronger showing the previous month.

The 11-point drop suggests households are becoming markedly more cautious about their personal finances and the broader economic outlook. While the index remains in negative territory, the deeper decline underscores renewed pressure on consumer mood at the start of the fourth quarter, a period that is typically crucial for retail and services activity.

With sentiment now back at more pessimistic levels, the October data may heighten concerns about the resilience of consumer-driven growth in the UK, as weaker confidence often translates into restrained spending and delayed big-ticket purchases.