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Financial News: UK Consumer Sentiment Remains Stable In August

UK Consumer Sentiment Remains Stable In August

08/21/2020 - 06:58:00 (RTTNews)

(RTTNews) - UK consumer confidence remained unchanged in August, survey data from GfK showed Friday.

The GfK consumer sentiment index held steady at -27 in August. The score was forecast to improve to -25.

Three measures were down and two were up against the July 24th data.

The index measuring past changes in personal finances dropped one point to -5. Meanwhile, the forecast for personal finances over the next 12 months rose one point to +1.

At the same time, the measure for the general economic situation over the last twelve months decreased by one point to -62. Likewise, expectations for the general economic situation over the coming twelve months slid one point at -42 points in August.

The Major Purchase Index increased by one point to -25 in August. The Savings Index stayed at +21 in August. This was the same as this time last year.

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