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GfK: Consumer Confidence Index reaches positive territory in June

June sees Consumer Confidence Index move into positive territory for the first time since March
2005

GfK’s UK Consumer Confidence Index has increased one point this month to 1. Four of the five measures used to calculate the Index Score saw increases this month, with one measure decreasing.

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

“An unspectacular change this month, but a psychologically important one, in that the Index has moved into positive territory for the first time since March 2005. The next few months will be particularly interesting, since the previous venture into positive territory was merely transitory – two isolated months in January and March 2005. The last time the Index was consistently positive was back in 2002 and this must be the next “target” from the government’s point of view as we get close to the election period.”

UK Consumer Confidence Measures – June 2014
The Overall Index Score has increased by one point to 1 this month. Four of the five measures saw increases this month with the remaining measure decreasing.

Personal Financial Situation
The index measuring changes in personal finances during the last 12 months has increased one point this month to -9; this is 12 points higher than June 2013.

The forecast for personal finances over the next 12 months has decreased three points this month to 3; this is 10 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 two points this month to -3; this is 39 points higher than June 2013.

Expectations for the General Economic Situation over the next 12 months have increased one point this month to 13; this is 29 points higher than this time last year.

Major Purchase Index
The ‘climate for major purchases’ Index has increased one point this month to -2; this is 18 points higher than this time last year.

Savings Index
The ‘now is a good time to save’ Index has increased two points this month to -7, which is 13 points higher than June 2013.

Source : GfK
www.gfk.com/uk/news-and-events/press-room/press-releases/pages/june-sees-consumer-confidence-index-move-into-positive-territory-for-the-first-time-since-march-2005.asp

30 June 2014
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