Monthly Survey Conducted to Measure Consumer Confidence in the UK
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The GfK Consumer Confidence Survey is a monthly survey conducted to measure consumer confidence in the UK regarding their economic situation. This survey is conducted with approximately 2,000 adults and collects opinions on the current economic situation, future economic outlook, willingness to make major purchases, savings intentions, and personal financial situation.
The survey results are quantified, with 0 as the baseline; a positive number indicates increased confidence, while a negative number indicates decreased confidence. These figures are widely used as important indicators for economic forecasts and policy decisions, as they significantly impact consumer spending intentions and economic activity. For example, increased confidence is expected to lead to higher consumer spending, contributing to economic growth. Conversely, decreased confidence may lead to reduced consumer activity, potentially slowing economic growth.
This survey is released at the end of each month and serves as a critical information source for policymakers, economists, and investors.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
