UK: April sees a two point rise in Consumer Confidence

GfK’s UK Consumer Confidence Index has increased two points this month to -3. Three measures used to calculate the Index Score saw increases this month, and the other two stayed the same.

Nick Moon, Managing Director of Social Research at GfK, comments:

“The seemingly inexorable rise of the Index continues alongside a number of other economic indicators that continue to provide good news for the Government.

This month’s two point rise to -3 takes the Index to its highest level since June 2007. This is not quite as dramatic as the fact the latest CBI survey shows business confidence at its highest level since 1973, but it still emphasizes what a massive turnaround in confidence there has been over the last year.”

The Overall Index Score has increased by two points to -3 this month. General Economic Situation over last 12 months and next 12 months and the Major Purchase measures have all increased, while Personal Financial  

Situation over last 12 months and next 12 months have stayed the same this month.  

The index measuring changes in personal finances during the last 12 months has stayed the same this month at -11; this is 13 points higher than April 2013.   

The forecast for personal finances over the next 12 months has also stayed the same this month at 5; this is 12 points higher than this time last year.  

The measure for the General Economic Situation of the country during the last 12 months has increased two points this month to -13; this is 40 points higher than April 2013.

Expectations for the General Economic Situation over the next 12 months have increased four points this month to 8; this is 34 points higher than this time last year.

The ‘climate for major purchases’ Index has increased three points this month to -4; this is 21 points higher than this time last year.

The ‘now is a good time to save’ Index has increased six points this month to -8, which is 15 points higher than April 2013.