london skyline

United Kingdom Consumer Confidence August 2020

United Kingdom: Consumer confidence remains pessimistic in August

Consumer confidence was unchanged at July’s minus 27.0 in August. While consumers grew more downbeat about the general economy, they became more willing to make major purchases, and more optimistic about their personal financial situation ahead.

Joe Staton, GfK’s client strategy director, was downbeat on the near-term outlook:

“Employment is now the big issue because the pandemic has ended years of job security. Yes, discounted dinners have proved a winner with hungry consumers across the country this month, but it’s difficult to see significantly increased appetite for other types of spending for now […] economic headwinds are not favourable as we enter the key retailing months at the end of the year.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen