UK Consumer Confidence Rises Slightly to Three-Month High

The GfK Consumer Confidence Index increased to -19 in March 2025, showing modest improvement but remaining below its long-term average as economic challenges persist.

• The GfK Consumer Confidence Index rose by one point in March 2025 to -19, its highest level in three months but still below the long-term average of -10.
• Expectations for the general economic situation over the next 12 months improved by two points to -29, reflecting cautious optimism about broader economic conditions.
• Sentiment regarding personal finances for the next year declined slightly, falling by one point to +1, highlighting ongoing concerns about household budgets.
• The major purchase index, measuring confidence in buying big-ticket items, remained unchanged at -17, showing no improvement in spending confidence.
• Analysts warn that the slight improvement in consumer confidence is fragile, with high inflation, interest rates, and mixed economic data contributing to uncertainty.

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