The GfK UK Consumer Confidence Index rose 2 pts to -18 in June 2025, marking a third straight monthly improvement but still weaker than the -14 reading from June 2024.
- General economic expectations over the next 12 months rose 5 pts to -28, but are still down -17 pts YoY.
- Sentiment on the general economic situation over the past year improved 3 pts to -43.
- Personal financial situation over the past 12 months held at -7, while the forward-looking reading remained at +2.
- The Major Purchase Index was unchanged at -16, up 7 pts YoY.
- The Savings Index fell 1 pt to 27 but remains 5 pts above its June 2024 level.
- GfK: “Headline consumer confidence has improved marginally in June, rising two points to -18. This is driven by improvements in how consumers see the general economy, with scores up three points (looking at last year) and up by five points (looking at the next 12 months). Consumers have been resolute in their views on their wallets with June’s personal financial situation scores (past and future) unchanged from May. Yet confidence is still fragile because the dark shadow of inflation is a day-to-day challenge for so many of us. With petrol prices set to rise in the coming weeks following the escalation of the conflict in the Middle East, and with ongoing uncertainty as to the full impact of tariffs, there is still much that could negatively impact consumers. With so much volatility, now is certainly not the time to hope for the proverbial ‘light at the end of the tunnel’.”