gfk consumer confidence august 2022

The Bank of England, leading economists and financial institutions watch and comment on the Index every month. All five measures were down in comparison to the July 22nd announcement. Joe Staton, Client Strategy Director, GfK says: The Overall Index Score dropped three points in August to -44, the lowest since records began in 1974. The last time a lower value was measured was in October 2008, at the time of the financial and economic crisis, with -20.1 points.The significantly higher burden of sharply rising energy and food prices on private households is increasingly affecting the propensity to buy. gtag('config', 'UA-10300940-15'); We live and breath retail. Many employees assume that the wage and salary increases can at least partially compensate for any increases in price. The eighth increase in consumer sentiment this month is supported to a large extent by a five-point drop in the propensity to save. Our reliable data and insights, together with advanced AI capabilities, have revolutionized access to real-time actionable recommendations that drive marketing, sales and organizational effectiveness of our clients and partners. It will also be a major test for the popularity of Liz Trusss new Government.. The latest data is provided to subscribers on the third Friday of the month in most months, with a publication schedule available at the start of the year. These are the findings of the GfK Consumer Climate Study in Germany for October 2022. GfKs Consumer Confidence Index dropped to a new record low in August, falling three points to -44. API users can feed a custom application. The Overall Index Score decreased three points in August to -44. Energy costs risk humanitarian crisis - NHS chiefs, How gun violence is reshaping American lives. ; On the one hand, this can lead to short-time work, on the other hand, worries about one's own job are rising slightly again but are currently still at a moderate level.Income expectations fall to a record lowIncome expectations are continuing their rapid descent. Thats how we promise and deliver Growth from Knowledge. GfK estimates a market value of 1.0 trillion EUR for 2020. Standard users can export data in a easy to use web interface or using an excel add-in. GfK publishes data on the global consumer electronics market. Advanced users can use our Python/R/Matlab packages. Interviewing was conducted between September 1st and September 14th 2022. Just making ends meet has become a nightmare and the crisis of confidence will only worsen with the darkening days of autumn and the colder months of winter.. The table below is an overview of the questions asked to obtain the individual index measures. These numbers are where many forecasters look for signs of economic optimism among consumers and the results deliver very bad news in that respect. Results can be split by age, gender, ethnicity, demographic group, region and more. Recent data showed that prices rose at the fastest pace 40 years in July and the UK is heading for recession. They are asking themselves when and how the situation will improve. However, consumer sentiment is not showing a clear upward trend and it is still below the low level of spring 2020 during the first covid lockdown, according to Rolf Brkl, GfK consumer expert. Three measures were up, one was unchanged and one was down in comparison to last month's announcement. "However, the value still remains below the pre-pandemic level of about three years ago.". GfK's measure of how willing people are to make big purchases fell by five points to -15. The propensity to buy is not benefiting from the improved income expectations this month. Andrew Tate challenged on misogyny in combative BBC interview, Long lashes and fashion flair: Africa's top shots, Poland's quest to retrieve priceless Nazi-looted art, Across the Spider-Verse opens up franchise to female fans, Foo Fighters review: A band working through grief. Want to stay up to date with quarterly consumer trends. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. All five sub-measures were down during the month, reflecting acute concerns around the unfolding cost of living crisis and bleak economic prospects for the year ahead. The GfK Consumer Confidence is derived from the survey of about 2,000 consumers which are ask to rate the relative level of past and future economic conditions including personal financial situation, climate for major purchases, overall economic situation and savings level. The forecast for personal finances over the next 12 months has decreased nine points to -40; this is 45 points lower than this time last year. There have been new lows in four out of the last five months and all measures are once again severely depressed. GfKs measure on how consumers view the economy over the next 12 months, feelings about their personal finances and willingness to make expensive purchases all rose, while the gauge for savings intentions was unchanged. These are the findings of the GfK Consumer Climate Study for May 2022. These are the results of the GfK consumer climate study Germany for January 2020. GfK Sustainability Index published for the first time. Since the collection of data for the whole of Germany started in 1991, the current value is the lowest that has ever been measured. Expert insights and strategic direction to master the 2023 European Tech and Durables market. In July 2022, household confidence has decreased for the seventh consecutive month Monthly consumer confidence survey - July 2022 In July, household confidence decreased further, for the seventh month in a row. GfK Consumer Confidence Barometer provides monthly tracking of UK consumers' views of their finances and the economy now and for the next 12 months. A similar consistent sharp decline since December 2021 is evident in how consumers see the economy a year ahead and this months score of -60 sets a new record. Back data is available from 2006. The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. These are the findings of the GfK Consumer Climate Study for December 2021. All five measures that make up the index fell last month, including confidence in personal finances and the general economy. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. These are GfKs global findings ahead of IFA 2022. The GfK Consumer Confidence indicator in the United Kingdom rose to -36 in March 2023 from -38 in February, matching market expectations and pointing to the highest reading in a year amid better economic forecasts. Parts of the German economy are potentially facing production restrictions because there is not enough natural gas available. GfKs long-runningConsumer Confidence Index decreased five points in September to -49, setting yet another record low. These are the findings of the GfK Consumer Climate Study for October 2021. gtag('js', new Date()); Seize new opportunities with key data-backed strategies and retail trends for 2023. Read about our approach to external linking. The Major Purchase Index is unchanged this month at -38; this is 32 points lower than this month last year. We have a plan for your needs. These are the findings of the GfK Consumer Climate Study in Germany for April 2023. These are the findings of the GfK Consumer Climate Study for April 2021. "Consumer climate is picking up speed again," said Rolf Brkl, GfK consumer expert. These are the findings of the GfK Consumer Climate Study in Germany for May 2023. Joe Staton, client strategy director at GfK said: The overall trajectory this year is positive and might reflect a stronger underlying financial picture across the UK than many would think. See how brands across the globe rely on GfK's world-class analytics, The art & science of marketing leadership today, Tap into GfK`s expertise across a host of verticals and marketplace dynamics. There was no significant difference in responses when comparing results prior to the death of Her Majesty Queen Elizabeth II on September 8th with results after that date. In monthly research from data provider GfK, the August index score for overall consumer confidence fell to minus 44 from a figure of minus 41 the previous month. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Consequently, the loss of purchasing power would be less severe than originally feared. Soaring energy and food prices, as well as higher interest rates were among the factors squeezing household budgets. Energy and fuel prices had been rising even before Russia's invasion of Ukraine as economies started to recover from the coronavirus pandemic, and the conflict has pushed up prices further. UK consumer confidence hits highest level since April 2022 Forecast-beating rebound points to household resilience despite cost of living crisis Shoppers in Knightsbridge, London. White label accounts can distribute our data. GfK | Find press releases about GfK's offering, corporate news, financial results & latest news on data analytics, business intelligence. AI-enabled features give better predictions at speed in highly unpredictable landscapes. You are on the global GfK website. in. This months survey was conducted among a sample of 2,000 individuals aged 16+. A "sense of exasperation" about the economy was the biggest driver behind the fall, according to GfK's Consumer Confidence index. After the noticeable improvement in the previous month, consumer sentiment in May paints a rather mixed picture. Each month since January 1974, it has provided a snapshot of how UK consumers feel on the crucial economic topics today, and their outlook for the next 12 months. These are the findings of the GfK Consumer Climate Study for January 2022. This is likely to put further pressure on prices and weigh heavily on Germans' income sentiment. Assess how the financial situation of the household has changed over the last 12 months.Predict changes in the financial position of the household over the next 12 months.Analyze changes in the general economic situation in the UK over the past 12 months.Forecast how the general economic situation will develop over the next 12 months.Assess if now is the right time to make major purchases like furniture or electricals. Last values: actual data The Savings Index is up five points this month at +18; this is seven points lower than this time last year. While the propensity to buy has only suffered a slight decline, both economic and income expectations have once again fallen significantly. Sales volumes nudged up slightly in July, by 0.3%, after a small fall in June, but overall figures show sales have been on a downward trend since summer 2021. After an unexpected rise in July, the major purchases index fell back again in August, dropping four points to -38. The measure for the general economic situation of the country during the last 12 months is down two points at -68; this is 26 points lower than in August 2021. Do you need retail industry Media contact: Eva Bhm, T +49 911 395 4440, public.relations@gfk.comDownload press release: For over 85 years, we have earned the trust of our clients around the world by supporting them in business-critical decision-making processes around consumers, markets, brands, and media. These are GfK findings on European retail in 2019. GfK Consumer Confidence index is a leading indicator showing consumers' confidence in UK's economic development. How our Thought Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. You are on the global GfK website. This is 54 points lower than in August 2021. Although a recession will probably be avoided this year, a noticeable revival in the economy also seems a long way off. White label accounts can distribute our data. See how brands across the globe rely on GfK's world-class analytics, The art & science of marketing leadership today, Tap into GfK`s expertise across a host of verticals and marketplace dynamics. All rights reserved. Peter Feld decided not to seek extension of his contract as CEO. Their value can vary between minus 100 and plus 100 points with 0 representing the long term average. Depending on the definition used, however, retail accounts for only around 30 percent of private consumer spending. Registered in England: 09354467. This index is based on the following questions to consumers: How has the financial situation of your household changed over the last 12 months?, How do you expect the financial position of your household to change over the next 12 months? (a lot better a little better stay(ed) the same a little worse a lot worse), This index is based on the following questions to consumers: How do you think the general economic situation in this country has changed over the last 12 months?, How do you expect the general economic situation in this country to develop over the next 12 months?, (a lot better a little better stay(ed) the same a little worse - a lot worse), This index is based on the following question to consumers: In view of the general economic situation, do you think now is the right time for people to make major purchases such as furniture or electrical goods?, (right time neither right nor wrong time wrong time), This index is based on the following question to consumers: In view of the general economic situation do you think now is? (a very good time to save a fairly good time to save not a good time to save a very bad time to save), (Commented on but not included in the Index Score). Meanwhile, retail sales volumes fell by 1.2% in the three months to July. Especially worrying are the two key future-facing indicators on personal finances in the coming year (down nine points to -40) and the economy in the next 12 months (down eight to -68). Press Propensity to buy, like all other indicators, is a confidence indicator. Key measures: Financial and economic situation, buying and saving. See how brands across the globe rely on GfK's world-class analytics, The art & science of marketing leadership today, Tap into GfK`s expertise across a host of verticals and marketplace dynamics. The GfK Consumer Confidence indicator in the United Kingdom rose to -30 in April 2023 from -36 in March, hitting its highest level since February 2022 and exceeding market expectations for a reading of -35, as Britons took a more positive view of their finances and the health of the wider economy. These are the findings of the GfK Consumer Climate Study for June 2022. Joe Staton, client strategy director at GfK, said the overall improvement masked continuing concerns among consumers about their personal financial situation. These are the findings of the GfK Consumer Climate Study for February 2022. opportunities. The questionnaire focuses on income expectations, buying propensity and savings. These are the findings of the GfK Consumer Climate Study for December 2020. FORECASTS, Online The latest reading highlighted persistent recession fears and mounting concerns over higher energy costs. /. UK inflation rose unexpectedly to 10.4% in February, prompting the Bank of England to raise interest rates by another 25 basis points. The Index tracks changes in the sentiment, which may go up or down a few points, or as dive several points over a month as weve seen over the last decades. This still represents an increase of 15.5 points on the same period for the previous year. An excessively restrictive monetary policy due to too many and/or too large interest rate hikes would greatly increase the risk of a recession. Our reliable data and insights, together with advanced AI capabilities, have revolutionized access to real-time, actionable recommendations that drive marketing, sales and organizational effectiveness of our clients and partners. The Index now stands at 103.2 (1985=100), up from 95.3 in July. Products Put the results in context and compare current and emerging trends with those of the past. The monthly results are widely reported on in the UK media, from TV and radio to print. It has offered insight into the UKs thinking through boom and bust, the Brexit vote, and most recently, the coronavirus pandemic. hbspt.cta._relativeUrls=true;hbspt.cta.load(2405078, 'd7c9d4a1-5a46-40fe-a9f8-713bb585e9cd', {"useNewLoader":"true","region":"na1"}); Our solutions empower brands and their leaders to be their best, Consumer confidence up six points in April to -30, Consumer confidence up two points in March, UK Consumer confidence in surprise rebound from historic lows, UK consumers succumb to economic January blues, UK Consumer confidence up two points in December, UK Consumer confidence up three points at -44 in November, UK consumer confidence claws back meagre two points at -47 in October, UK consumer confidence tumbles to new low of -49 in September, UK consumer confidence hits a new record low of -44 in August, UK confidence remains at historic low of -41 in July, UK Confidence sinks to -41 in June to set new record low, Keeping pace with consumer confidence every month since 1974, Putting consumers economic and financial opinions into context, For the past 30 years JGFR has used GfKs monthly Consumer Confidence Barometer (CCB) as the benchmark consumer survey to capture the ongoing mood of the consumer. /. Trading Economics welcomes candidates from around the world. In addition to concerns about disrupted supply chains, the war in Ukraine and soaring energy and food prices, there are now worries about sufficient gas supplies for businesses and households next winter. Use our long-running monthly tracking of consumers views of their finances and the economy now and for the next 12 months to predict and plan. The dates for the remainder of the year: November 18th 2022; December 16th 2022. By asking about household income and the general economy over the last 12 months, and looking ahead to the next year, subscribers can anticipate and plan for emerging patterns of behavior. These are the findings of the GfK Consumer Climate Study for July 2022. All five measures were down in comparison to the July 22nd announcement. Any published material requires a reference to GfK e.g., Research carried out by GfK. A sense of exasperation about the UKs economy is the biggest driver of these findings. Germany's GfK Consumer Climate Indicator increased for an eighth straight month to -24.2 heading into June 2023, the highest reading since April last year and compared to forecasts of -24. These are the findings of the GfK Consumer Climate Study in Germany for December 2022. The more optimistic mood is mainly due to expectations of a significant growth in income due to agreed wage increases. See how brands across the globe rely on GfK's world-class analytics, The art & science of marketing leadership today, Tap into GfK`s expertise across a host of verticals and marketplace dynamics. Consumer confidence up two points in March But no spring in the financial steps of UK consumers GfK's long-running Consumer Confidence Index increased two points in March to -36. The expected loss of purchasing power will prevent any real growth in the domestic economy. Again, this does not concern retailer sales, but instead refers to total consumer spending. The Bank of England now expects the UK economy to fall into recession later this year and forecasts the downturn will last for 15 months. While income expectations have risen for the eighth time in succession, both the propensity to buy and economic expectations have suffered slight losses. These are the findings of the GfK Consumer Climate Study in Germany for March 2023. VideoDo Russians really hate the West? Press Also, economic expectations continued their upward trend (up 10.6 points to 14.3), and the propensity to buy advanced for the third month running (up 3.9 points to -13.1). GfK is forecasting -24.2 points in consumer sentiment for June, up 1.6 points from May of this year (revised -25.8 points). However, Joules said there could be "no certainty that these discussions will lead to any agreement". In addition, the current weakness of the euro against the dollar is making German imports from the US even more expensive. Euro zone consumer confidence rises to -24.9 in August Euro zone consumer confidence rises to -24.9 in August - Copyright Thomson Reuters 2022 By Reuters Updated: 24/08/2022 -. Standard users can export data in a easy to use web interface or using an excel add-in. Adapt your messaging, pricing and offers by understanding if consumers think now is the right time to make major purchases, or to save their cash. However, this still represents an increase of almost 22 points compared to the previous year. window.dataLayer = window.dataLayer || []; Four measures were down in comparison to the August 19th announcement, and one was flat. The figures contained within the Consumer Confidence Barometer have an estimated margin of error of +/-2%. statistics for a project? "Consumer sentiment is not showing a clear upward trend at present. Plan marketing campaigns and promotions by knowing how confident consumers feel about the things they can control, and those they cant. At the same time it confirmed "positive discussions" were continuing with rival retailer Next about the latter taking a stake worth about 15m in it. domestic appliances. In 2021, both consumers and retailers needed to refocus, but despite numerous obstacles to this GfK Purchasing Power Europe 2021 study now available. These are the results of the GfK consumer climate study for April 2020. The smartphone industry in the Asia Pacific (APAC*) region has always been dynamic and highly competitive. Compared to the same period of the previous year this actually represents a decrease of almost 73 points. These are the findings of the GfK Consumer Climate Study for October 2020. Dcouvrez les lments cls du partenariat stratgique entre Haier Europe et GfK. The eighth increase in consumer sentiment this month is supported to a large extent by a five-point drop in the propensity to save. Watch a brief introduction to the gfkconsult regional outlook report series from Jutta Langer, Vice President gfkconsult. Consumers. Want to stay up to date with quarterly consumer trends?Subscribe to receive our quarterly newsletter. Four measures were down in comparison to the August 19th announcement, and one was flat. Also, "the anticipated loss of purchasing power is preventing a sustained recovery of domestic demand", according to GfK consumer expert Rolf Buerkl. It has provided insight into the UKs thinking through boom and bust, the Brexit vote, and most recently the coronavirus pandemic. Consumers measure of the general economic situation over the last 12 months fell two points to -68 in August. The index measuring changes in personal finances over the last 12 months fell three points to -28; this is 24 points worse than September 2021. These are findings for the global TCG market to be released at IFA 2020 Special Edition in Berlin. These are the findings of the GfK Consumer Climate Study for May 2021. This is a podcast about research, innovation, and discovery. Sweden Consumer Confidence Download The consumer confidence indicator in Sweden went up to 69.5 in May 2023 from an upwardly revised 65.8 in the previous month but less than market forecasts of 74.7. Smart product segments performed better than average. Increasing fears of recessionFears of an impending recession are rising among consumers. Optimize emerging growth opportunities in 2023 with our free white paper. These are the results of the GfK consumer climate study Germany for May 2020. These are GfK's findings for the global Technical Consumer Goods market. With a decrease of 0.8 points, the indicator drops only slightly to -14.5 points. Furthermore, this actually only concerns durable consumer goods that also require a larger budget. This is a podcast about research, innovation, and discovery. The GfK Consumer Confidence is derived from the survey of about 2,000 consumers which are ask to rate the relative level of past and future economic conditions including personal financial situation, climate for major purchases, overall economic situation and savings level. The survey period for the current analysis was May 4 to May 15, 2023. These are the findings of the GfK Consumer Climate Study for November 2021. These are GfKs global findings ahead of the Mobile World Congress 2023. Depending on the definition used, however, retail accounts for only around 30 percent of private consumer spending. Joe Staton, client strategy director at GfK said: The overall trajectory this year is positive and might reflect a stronger underlying financial picture across the UK than many would think. CCB is a trusted economic indicator, so youll be making your business decisions with the same data as government departments, businesses, economists and the Bank of England. Still, Aprils figure remained well below zero, indicating an overall decline in confidence as the cost of living crisis and rising interest rates continued to weigh heavily. As a result, GfK is forecasting a decrease of -30.6 points in consumer sentiment for August 2022, down 2.9 points from July of this year (revised from -27.7 points). GfK's Map of the Month for May shows the regional distribution of multiple-person households with children in Germany in 2022. These increases are putting a squeeze on people's finances, as wages fail to keep up. GfK publishes data on Major and Smal. As a result, GfK is forecasting a decrease of -30.6 points in consumer sentiment for August 2022, down 2.9 points from July of this year (revised from -27.7 points). The cost-of-living crisis is being driven by higher fuel, energy and food prices. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. /. Youll find the CCB in titles including the Financial Times, Reuters, Bloomberg, the BBC, ITV, The Times, The Daily Telegraph, The Independent, The Guardian, The Daily Mail and more. Deloitte's Rachel Barber said: "Consumer confidence in the state of the economy has plummeted so you're finding that one in five people are now postponing major purchases such as electricals and furniture and you can see that in the statistics today, that they're down about 1.5%. LONDON, April 21 (Reuters) - British consumers were their most upbeat in more than a year this month, despite the surging cost of living, as they took a more positive view of their finances and. These are GfKs findings ahead of the Mobile World Congress 2022 in Barcelona. These are the findings of the GfK Euro Climate data from September 2020. These are the findings of the GfK Consumer Climate Study in Germany for September 2022. Savings Index (not included in the overall measure). API users can feed a custom application. The brand, which has its roots in country and equestrian shows, issued a profits warning on Friday. The measurement then was -21.4 points. Furthermore, this actually only concerns durable consumer goods that also require a larger budget. Since the collection of data for the whole of Germany started in 1991, the current value is the lowest that has ever been measured. Market research firm GfK said on Friday its consumer confidence index fell to -38 from -31 in March, within a whisker of an all-time low hit in July 2008, in the midst of the global financial. Standard users can export data in a easy to use web interface or using an excel add-in. As consumers navigate a world halfway between lockdown and "life as we knew it," marketers wonder what 2022 will hold for their brands. Propensity to buy, like all other indicators, is a confidence indicator. All five measures were down in comparison to the July 22nd announcement. The figures contained within the Consumer Confidence Barometer have an estimated margin of error of +/-2%. Especially as a tight supply of natural gas is likely to add to the pressure on energy prices and thus inflation.In addition to fighting inflation through a less expansionary monetary policy from the European Central Bank, it will be crucial for a recovery in consumer sentiment that their concerns about inadequate gas supplies are alleviated and that all possibilities of alternative suppliers are utilized to replace any Russian gas supplies that may fail to materialize. GfKs long-running Consumer Confidence Index decreased three points in August to -44. Germany's GfK Consumer Climate Indicator increased for a sixth consecutive month to -29.5 heading into April of 2023, the highest since July, and compared to market forecasts of -29.2. This is a podcast about research, innovation, and discovery. These are the findings of the GfK Consumer Climate Study for June 2022. hbspt.cta._relativeUrls=true;hbspt.cta.load(2405078, 'b44cdc0b-3968-43fa-8037-45a4f3fdf15e', {"useNewLoader":"true","region":"na1"}); A comprehensive source of consumer and market trends providing a complete view of purchasing behavior in the consumer tech and durables category in 13 countries. The actions of the European Central Bank will probably have a significant impact on the direction of the economy. 329 These are the findings of the GfK Consumer Climate Study for June 2021. These are the findings of the GfK Consumer Climate Study Germany for December 2019. Visit our local website for more offerings and information in your country. Trading Economics welcomes candidates from around the world. But everybody must hold on tight as it could still be a rocky ride out of these tough times.. The GfK consumer climate index is regarded as a much-noticed indicator of economic development in Germany. The GfK Consumer Confidence indicator in the United Kingdom rose to -27 in May 2023 from -30 in April, improving for the fourth straight month as British households are becoming more optimistic about the economy and their finances despite persistent inflation. Joe Staton, client strategy director at GfK, said there had been a sudden flowering of optimism among households. He added: The brighter views on what the general economy has in store for us, could even be seen as the proverbial green shoots of recovery. The UK economy is expected to avoid a recession this year, though double-digit inflation remains a top concern. Services, travel, rent, health services, and the wellness sector as a whole account for the rest. Mays figure was also the highest in 15 months and matched the consensus forecast. However, it is still below the low level of spring 2020 during the first Covid-19 lockdown.". All measures fell, reflecting acute concerns as the cost-of-living soars. If far more must be spent on oil and gas, correspondingly fewer financial resources remain for other purchases. The Overall Index Score is calculated using underlying data that runs to two decimal points. A decline in the propensity to save was the main contributor to the improvement in consumers' mood, as expected wage gains help to ease concerns regarding a fall in purchasing power due to inflation. Tuesday 28 June 2022 06:00-27.7-27 . This index is based on the following questions to consumers: How has the financial situation of your household changed over the last 12 months?, How do you expect the financial position of your household to change over the next 12 months? (a lot better a little better stay(ed) the same a little worse a lot worse), This index is based on the following questions to consumers: How do you think the general economic situation in this country has changed over the last 12 months?, How do you expect the general economic situation in this country to develop over the next 12 months?, (a lot better a little better stay(ed) the same a little worse - a lot worse), This index is based on the following question to consumers: In view of the general economic situation, do you think now is the right time for people to make major purchases such as furniture or electrical goods?, (right time neither right nor wrong time wrong time), This index is based on the following question to consumers: In view of the general economic situation do you think now is? (a very good time to save a fairly good time to save not a good time to save a very bad time to save), (Commented on but not included in the Index Score). Should natural gas supplies from Russia be restricted or even stopped altogether in coming weeks, energy prices are likely to rise further. All five sub-measures were down during the month, reflecting acute concerns around the unfolding cost of living crisis and bleak economic prospects for the year ahead. "A lower propensity to save has prevented the recovery in consumer sentiment from stagnating this month. Explore this service now. Visit our local website for more offerings and information in your country. Thats how we promise and deliver Growth from Knowledge. The GfK consumer sentiment index sank to a record-low -44 in August from July's reading of -41, which was already the lowest since the survey began. Read more about the product and the innovative technique behind. Media contact: Eva Bhm, T +49 911 395 4440, public.relations@gfk.comDownload press release: For over 85 years, we have earned the trust of our clients around the world by supporting them in business-critical decision-making processes around consumers, markets, brands, and media. Thats how we promise and deliver Growth from Knowledge. These are the findings of the GfK Consumer Climate Study in Germany for November 2022. UK Consumer Confidence Measures - September 2022 The Overall Index Score decreased five points in September to -49, setting yet another record low. In addition, current discussions about the government's new heating law are causing concern, especially among property owners. Joe Staton, client strategy director at GfK, said the overall improvement masked continuing concerns among consumers about their personal financial situation. Advanced users can use our Python/R/Matlab packages. "These findings point to a sense of capitulation, of financial events moving far beyond the control of ordinary people", said Joe Staton, GfK's client strategy director. Joe Staton, Client Strategy Director, GfK says: GfK Purchasing Power Europe 2022 study now available. These are GfK findings to coincide with CES 2020 in Las Vegas. GfK publishes data about the global IT market. Soaring energy and food prices, as well as higher interest rates were among the factors squeezing household budgets. The Savings Index is down seven points this month at +11; this is 11 points lower than this time last year.. German consumers are unsettled by the high cost of living, which means that they are still extremely reluctant to make purchases. The UK Consumer Confidence Barometer is conducted by GfK. The Major Purchase Index decreased by four points in August to -38; this is 35 points lower than this month last year. Understand if now is the right time to save. General economic situation Consumer sentiment refers explicitly to all private consumer spending. The survey period for the current analysis was June 30 to July 11, 2022. You are on the global GfK website. GfK's Consumer Confidence Index rose for the third month in a row to -30 in April, up six points from March and the highest reading since February last year, just before Russia invaded. Weekly quiz: What was New York's sunset phenomenon called? But everybody must hold on tight as it could still be a rocky ride out of these tough times.. Economic expectations dropped 6.5 points in July compared to the previous month and have sunk to -18.2 points. Consumer sentiment refers explicitly to all private consumer spending. On the other hand, it must also keep one eye on its objective of stabilizing prices, which in turn requires a more restrictive monetary policy. In the United Kingdom, the consumer confidence survey measures the level of optimism that consumers have about the performance of the economy in the next 12 months. Using teens to spread Putin's propaganda in Ukraine, Women lead Indian families as men migrate, Why the city that never sleeps is slowly sinking. Consumer confidence is now at levels not seen in at least half a century Source: GfK The figures reflect a year-long surge in inflation, which hit a four-decade high of 10.1% last month,. Second GfK Sustainability Index Germany for 2022 published. Normally, a high reading is positive for the GBP, while a low reading is bearish. The forecast for personal finances over the next 12 months has decreased five points to -31; this is 42 points lower than this time last year. Thats how we promise and deliver Growth from Knowledge. Press A higher than expected value can be seen as positive for the pound quotes, while lower values are usually seen as negative. The April reading showed consumer sentiment is on its way towards recovery although the momentum is noticeably slower than in the previous months. Still, Aprils figure remained well below zero, indicating an overall decline in confidence as the cost of living crisis and rising interest rates continued to weigh heavily. UK consumer confidence in the future hit a record low in August due to the soaring cost-of-living and bleak economic prospects. Moderate losses in propensity to buyThe propensity to buy cannot completely escape the pull of falling economic and income expectations. These are the findings of the GfK Consumer Climate Study for August 2022. White label accounts can distribute our data. We have a plan for your needs. The CCB has become a well-respected economic indicator, reported alongside retail sales and inflation figures. The GfK Consumer Confidence indicator in the United Kingdom rose to -30 in April 2023 from -36 in March, hitting its highest level since February 2022 and exceeding market expectations for a reading of -35, as Britons took a more positive view of their finances and the health of the wider economy. Rachel Barber, legal partner and retail specialist at accountancy firm Deloitte said that because people are pessimistic about the state of the economy, many people "are now postponing major purchases such as electricals and furniture". We have a plan for your needs. The Trading Economics Application Programming Interface (API) provides direct access to our data. There is no other consumer research project with the longevity, rigor and reliability of GfKs Consumer Confidence Barometer. Read about our approach to external linking. New offering for retailers and manufacturers of technical consumer goods. These are the findings of the GfK Consumer Climate Study in Germany for April 2023. The results are extracted from the "GfK Consumer Sentiment MAXX" study and are based on around 2,000 consumer interviews per month conducted on behalf of the European Commission. Confidence is a word rarely out of the economic news, especially during the pandemic. Do Russians really hate the West? Still, Marchs figure remained well below zero, indicating an overall decline in confidence as weak sentiment over personal finances continued to weigh heavily. The UK Consumer Confidence Barometer is conducted by GfK. GfKs CCB has provided essential context for businesses and organisations during times of crisis. Upward trend in economic expectations interrupted. It indicates whether consumers currently consider it advisable to make larger purchases. A robust and stable international consumer segmentation study based on values, lifestyle, buying behavior and affinity for tech. Watch a brief introduction to the August 19th announcement, and one was unchanged and one was and. 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