Track the UK GfK Consumer Confidence to gauge future consumer spending, a key economic activity driver.
Consumer confidence serves as a key indicator of spending patterns, which significantly influences overall economic performance; a score above 0 reflects optimism, while a score below indicates pessimism.
What it Measures
This index is derived from consumer surveys and is presented as a diffusion index.
Usual Effect
'Actual' results that exceed 'Forecast' are favorable for the currency.
Source & Frequency
NIQ (latest release) - https://nielseniq.com/global/en/ • The report is issued monthly, typically on the third Friday of the month.
How Data is Derived
Survey of about 2,000 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation
Also Known As
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Acronym
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