THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Consumer confidence climbs this month 2021

New figures have shown that consumer confidence has jumped in May as people feel more optimistic about the outlook for the UK economy over the next… View Article

GENERAL MERCHANDISE NEWS

Consumer confidence climbs this month 2021

New figures have shown that consumer confidence has jumped in May as people feel more optimistic about the outlook for the UK economy over the next 12 months.

GfK’s long-running Consumer Confidence Index has increased by six points to -9 in May.

Joe Staton, client strategy director GfK, said: “The financial mood of the nation has bounced back to its pre-lockdown figure of minus 9 this month, meaning confidence has made up all the ground lost to Covid-19. UK consumer confidence is being driven by continued optimism for our future personal finances and for the wider UK economy in the next 12 months.”

The index measuring expectations for the general economic situation over the coming 12 months has improved by 15 points to 4 this month, which is 58 points higher than in May 2020.

Meanwhile, the major purchase index has risen by five points to -7 while the index for the forecast for personal finances over the next 12 months has remained the same as April at 10.

Staton added: “These findings reflect April’s ‘feelgood’ re-opening of outdoor pubs, shops, gyms and hairdressers combined with continuing vaccination success, all this before the possibility of green-list vacation opportunities in May. In addition, we’re seeing a healthy five-point uptick in the major purchase index, with more consumers seizing the opportunity to splash the ‘accidental savings’ that some have collected. Now really is a good time to buy. Growing confidence is fuelling the economy and only a reversal to lockdown can dampen this solid momentum.”

Photo by Georgia Hawkins

Subscribe For Retail News