Towards the end of June, consumer confidence began to return as Covid-19 restrictions begin to ease off.
According to GfK’s long running Consumer Confidence Barometer, the overall index rose by three points in the two week period to -27.
Joe Staton, GfK‘s Client Strategy Director, said: “Despite the backdrop of dire warnings about the state of the economy, large scale job losses, the end of furlough with the prospect of further unemployment, and a possible second-wave of Covid-19, consumers appear to be slightly more confident as lockdown loosens across parts of the UK.”
Staton added: “We‘re seeing some early signs of improvement across most measures for our fourth Covid-19 flash, even though all our core scores remain negative. The seven-point jump in the major purchase index could bode well for ‘reopening day’ this Saturday as more shoppers hit the high streets after a trip to the pub and visit to the hairdresser. However, economic headwinds could easily blow any recovery off-course with confidence remaining fragile and volatile amid few signs of stability.”
