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 slides back in June

Consumer confidence suffered a setback in June after a big leap in May.

The feel-good factor accompanying April’s public holidays and the Royal Wedding proved short-lived as Gfk NOP’s Consumer Confidence Index recorded a four-point slide in June resulting in a headline figure of -25.

All the measurements used, including consumers’ confidence in their personal financial situation, the economic outlook and attitudes to big-ticket purchases, showed declines.

Gfk NOP social research managing director Nick Moon said: “It was almost inevitable that there would be a drop in confidence in June following last month’s unique feelgood circumstances.

“What will disappoint is that the drop is so large, wiping out half of last month’s gain and leaving consumer confidence lower than it was at any point in 2010.

“As we move into the summer, the outlook for the beleaguered high street remains gloomy.”

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.