February sees consumer confidence stay at the same level
GfK’s UK consumer confidence index has stayed the same this month at -7. Of the five measures used to calculate the index score, two measures have decreased this month, two measures have seen increases and one measure has stayed at the same level.
Nick Moon, managing director of social research at GfK, commented: “After the substantial six point rise in the Index last month, holding steady, rather than any form of correction, is good news. Just a year ago the Index stood at -26, so the current level is massively better. Taking the whole history of the Index from 1974, the current level is slightly ahead of the lifetime average of -9.”
UK consumer confidence measures – February 2014
The overall index score has stayed at -7 this month. Of the five measures used to calculate the index score, two measures have decreased this month, two measures have seen increases and one measure has stayed at the same level.
Financial situation
The index measuring changes in personal finances during the last 12 months has decreased one point this month to -13; this is seven points higher than February 2013. The forecast for personal finances over the next 12 months has increased one point this month to four; this is nine points higher than this time last year.
General economic situation
The measure for the general economic situation of the country during the last 12 months has increased three points this month to -17; this is 35 points higher than February 2013. Expectations for the general economic situation over the next 12 months have stayed the same this month at two; this is 27 points higher than this time last year.
Major purchase index
The climate for major purchases index has decreased one point this month to -11; this is 15 points higher than this time last year.
Savings index
The now is a good time to save index has decreased three points this month to -12, which is eight points higher than February 2013.
