British Consumer Confidence Edges Up

01 July 2003

Britons are gradually becoming more confident in the state of the economy, judging by new research from Martin Hamblin GfK.

The latest consumer sentiment survey, conducted on behalf of the European Commission, found an increase in the overall confidence index from –3 in May to –2 in June, the third monthly rise in a row. However, the research firm insists the mood remains cautious, with 52% of the 2,001 respondents believing the economy has declined over the last twelve months.

The research also uncovered a paradoxical set of expectations for the coming months. Although the index measuring consumers’ perceptions of the general economic outlook fell one point to –9, the gauge of expectations for personal finances rose one point to +12.

Data sourced from: Daily Research News Online; additional content by WARC staff