Published on Thu 23 Jul 2020 19.01 EDT Fears of rising redundancies and concerns about the health risks of high street shopping have hit consumer confidence, according to … Load more. By using this site you agree to the
Back 5 June 2020. A combination of rising wages and house prices, low unemployment and stable inflation helped boost consumer confidence by two points in February to -7, marking the third monthly increase in a row. As the lockdown eases, it will be interesting to see just how the consumer appetite for spending returns in a world of socially-distanced shopping and the seismic shift to online retailing – alongside worries of a fresh spike in COVID-19 cases as relaxations increase.”The Overall Index Score decreased by two points over the past two weeks. “The only bright spark in the numbers is for the Major Purchase Index with a six-point fillip, pointing to latent demand among shoppers across the UK despite most outlets remaining shuttered. Consumer confidence in the U.K. fell to its lowest level in more than a decade at the end of May, even as the country's coronavirus lockdown began to ease, data from GfK showed Friday.The GfK consumer confidence barometer stood at minus 36 at the end of May, a decrease of two points compared with a reading from two weeks earlier. "The only bright spark in the numbers is for the major-purchase index with a six-point fillip, pointing to latent demand among shoppers across the U.K. despite most outlets remaining shuttered," Mr. Staton said.The survey was carried out by 2,000 individuals between May 20 and 26, as the government continued to ease the country out of a lockdown that was put in place to control the spread of the novel coronavirus. Four measures decreased and one measure increased. New data has shown that consumer confidence has held steady in July as Covid-19 lockdown restrictions ease across the UK. ABOUT US. "Against a backdrop of falling house prices, soaring jobless claims, and with no sign of a rapid V-shaped bounce-back on the cards, consumers remain pessimistic about the state of their finances and the wider economic picture for the year to come," Joe Staton, GfK's client strategy director, said.Among the five subindexes that form the barometer, four of them decreased and one increased, data by the research institute showed.Britons' assessment of their personal financial situation and general economic situation over the last year deteriorated substantially. German GfK Consumer Confidence To Strengthen In August mediabest 07/30/2020 German consumer confidence is set to continue strengthening into August from the weaker level caused by the coronavirus pandemic, as the reduction in the value-added tax boosted the propensity to buy, survey data from market research group GfK showed Thursday. ... admin-May 28, 2020. The survey was put together using data collected between 1 and 13 July and compared to the flash report published on 3 July. The Gfk German Consumer Climate Index measures the level of consumer confidence in economic activity. The GfK consumer confidence barometer stood at minus 36 at the end of May, a decrease of two points compared with a reading from two weeks earlier. The indicator fell to … Fears of growing layoffs and concerns about the health risks of shopping on the high streets have hurt consumer confidence, according to a closely watched survey that stagnated last month.The GfK barometer for July showed that confidence is waning, despite rising in May and June. It shows the long-running Consumer Confidence Index has decreased by two points over the past two weeks. The indicator fell to its lowest level since January 2009.Economists polled by Dow Jones Newswires had expected confidence to improve to minus 30. Economy13 hours ago (Jul 23, 2020 02:55AM ET) (C) Reuters. GfK’s long-running Consumer Confidence Index has remained at -27 in the month, which the company said is surprising given the emerging cost of the pandemic to the UK economy and significant job losses.
The data is compiled from a survey of about 2,000 consumers which asks … The subindexes gauging consumers' outlook regarding their finances and the general economic situation over the coming year also fell, but at a slower pace. The skyline with its financial district is photographed on early evening in Frankfurt BERLIN (Reuters) – German consumer morale improved more than expected heading into August, helped by a temporary cut in value-added tax (VAT) as part of the government’s stimulus package to help the […]
"It will be interesting to see just how the consumer appetite for spending returns in a world of socially distanced shopping and the seismic shift to online retailing--alongside worries of a fresh spike in Covid-19 cases as relaxations increase," Mr. Staton said.GfK's barometer is usually published monthly, but, since March, the report is released at fortnightly intervals to evaluate the impact of the U.K.'s coronavirus lockdown on consumer confidence. The next release is expected on June 19.Write to Xavier Fontdegloria at [email protected] call of the day, from Andrew Garthwaite, Credit Suisse’s global equity strategist, has a list of reasons why investors should keep buying any dip in stocks. Growth for Knowledge (GfK) has released its 3 rd COVID-19 flash report using data gathered between 20 th and 26 th May.
Four measures decreased and one measure increased. 0.
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gfk consumer confidence may 2020