GfK Research Institute reported that the overall index remained flat at -23, slightly better than economists' forecasts of -24. Analysts warn that the overall figure may be "misleading," as signs of declining household confidence and disposable income have been observed. The 16-29 age group faces the most significant concerns, with their confidence index plummeting 11 points to its lowest level in two years.
19 June 2569 GfK Market Research Institute Reveal report The UK consumer confidence index for June. Found that The overall index remained stable at -23, the same level as in May. This figure was better than economists' prior forecasts of a decline to -24.
Although the overall figures may appear unchanged, a deeper dive into the detailed data reveals worrying economic warning signs, particularly among young people who are holding negative views on both the economic outlook and their own financial status amidst the emerging political uncertainty.
"The lack of movement in the overall index may be misleading, as a closer look reveals new signals indicating weakening confidence." According to GfK analysts,
When we break down the assessments of consumers' personal financial status over the past 12 months, It was found to have decreased by 3 points, to -10. The forecast for the financial trend over the next year remains unchanged at -2.
In terms of consumer spending behavior, the intention to purchase large items this month remains stagnant at -20. Historically, this figure is the worst and lowest level recorded, comparable to the previous record set in January 2568.
For an assessment of the overall economic picture from the household perspective. Found that The overall economic outlook for the past year has been lowered by another 2 points to -49, while the view on the economic direction over the next 12 months has edged up slightly by 2 points to -36.
The most noteworthy point in this report. Data from GfK shows that confidence among young adults aged 16-29 plummeted by 11 points to -2, the worst and lowest level in two years.
The GfK report and survey are based on data collected and interviews with a sample of 2,003 people in the United Kingdom, conducted between May 29 and June 10.
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