Home / Knowledge / News / Apparel/Garments / UK consumer confidence highest in July since April 2010
UK consumer confidence highest in July since April 2010
02
Aug '13
GfK’s UK Consumer Confidence Index has increased by five points this month to -16.

Measures for personal financial situation over the last 12 months and next 12 months, and the general economic situation of the country over the last 12 months and next 12 months have all seen increases this month. The major purchase index is the only measure that decreased this month.

Nick Moon, Managing Director of Social Research at GfK, comments, “There is now no doubt that consumer confidence has recovered strongly from the unparalleled trough of the last five years. At -16, the overall Index is now at its highest point since April 2010. In the last three months the Index has risen by 11 points, one of the best single quarter improvements since the Index started climbing up from its all-time low of -39 in July 2008 after the credit crunch.

"It is also significant that since December 12 there has been only one month where the Index fell, and even that was a minor one point drop. With a series like the Index it is the longer-term changes that mean far more than one single month’s figures, and the current trend is definitely upwards. This can be seen clearly from the 12-month moving average which started the year at -29, rose to -28 by February, to -27 by May, -26 in June and it is now at -25. Given that the 12-month moving average was either -29 or -30 for the whole of 2012 this is a very dramatic change.

"Other than the element of the index about whether now is a good time for major purchases, which fell by a trivial one point, all the individual elements of the Index rose by five or seven points.”

UK Consumer Confidence Measures – July 2013

The overall index score has increased by five points this month to -16. Four of the five measures saw increases this month, and the remaining measure decreased. The annual moving average rises one point to -25.

Personal Financial Situation

The Index measuring changes in personal finances during the last 12 months has increased by five points this month to -16; this is seven points higher than July 2012.

The forecast for personal finances over the next 12 months has increased seven points this month to 0; this is eight 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 seven points to -35; this is 24 points higher than July 2012.

An expectation for the general economic situation over the next 12 months has increased seven points this month to -9; this is 21 points higher than this time last year.

Climate for Major Purchases

The major purchases measure has decreased one point this month to -21; this is five points higher than this time last year.

Savings Index

The ‘now is a good time to save’ Index has increased six points this month to -14, which is one point higher than July 2012.

GfK


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives
Textile industry

The foremost issue is bridging the skill gap

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search