Consumer confidence remained negative but stable during April, according to the GfK Consumer Confidence Index.
The index, which measures general economic and personal financial situations and consumers’ spending and saving, showed two measures increased and three decreased in April.
Despite the ongoing political uncertainty, consumers’ overall confidence remained stable but negative at -13, the same level as the last three months but four points lower than April 2018.
Consumers’ personal finance situation over the past 12 months saw a slight drop to -1, one point lower than last month.
General economic uncertainty scored three points higher than March, though remained negative at -30.
GfK client strategy director Joe Staton said “despite the political carry-on”, consumers remain “unshaken by the daily headlines of turmoil and intrigue”.
The index recorded the largest drop in the consumer savings score, falling from 20 points last month to 12 this month.
“The biggest change is a sudden drop in the motivation to save money – this is down by eight points – and represents the largest monthly drop in our savings measure since after the Brexit referendum in June 2016,” Staton said.
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