Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Consumer confidence dips in September

Consumer confidence dropped two points to -20 in September, according to GfK NOP’s Consumer Confidence Index.

The fall this month comes after a rise in August, when the Index increased for the first time since February, to -18.

GfK NOP Social Research managing director Nick Moon called the August climb a “false dawn”.

He said: “September’s slump suggests the rise in consumer confidence in August was a false dawn, as feared.”

Consumers are more worried about their personal finances than last month, with the Index showing a drop of 2 points to -14.

Consumers are also feeling more negative about the general economic situation, with the Index dropping 3 points to -46, compared with last month.

The major purchase index was the only measure to increase this month, by 5 points to -15.

Moon added: “Besides the trough in July, probably caused by the emergency Budget, this month’s figure is the lowest confidence has been for the past year.

“I think we could be about to find out if the money markets are more worried about double dip recession than they are about the size of the UK deficit.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.