GfK: Consumer Confidence stays the same in April

GfK’s UK Consumer Confidence Index has stayed at 4 in April. Of the five measures used to calculate the index, two have stayed the same, two have seen increases and one measure has decreased.

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

“The government goes into the election with the final Consumer Confidence Barometer offering mixed fortunes. On the one hand, there is no continuing momentum – the Index has not risen since last month – while on the other hand the Index is standing at a far higher point than when the government came to power. In May 2010, the core index score was – 18. After dipping to as low as -33 in December 2011, it was out of negative territory at zero by May 2014 and over the past 11 months has recorded six positive scores. We haven’t seen the scores of the past two months (+4) since September 2002.”

UK Consumer Confidence Measures – April 2015
The Overall Index Score has stayed at same level this month at 4. Two measures have seen increases, two measures have stayed the same and one measure has decreased.

Personal Financial Situation
The index measuring changes in personal finances during the last 12 months has increased two points this month to 0; this is 11 points higher than April 2014.

The forecast for personal finances over the next 12 months has stayed at 7 this month; this is two points higher than April 2014.

General Economic Situation
The measure for the General Economic Situation of the country during the last 12 months has increased two points this month to 3; this is 16 points higher than April 2014.

Expectations for the General Economic Situation over the next 12 months has seen it stay at 6 this month; this is two points lower than this time last year.

Major Purchase Index
The Major Purchase Index has decreased three points this month to 6; this is 10 points higher than this time last year.

Savings Index
The Savings Index has increased four points to -2; which is six points higher than April 2014.

Source : GfK
www.gfk.com