LONDON, June 19 (Reuters) – British consumer confidence held steady in June but younger people turned more pessimistic about the economy and their personal financial situation against a backdrop of political uncertainty, a long-running survey showed on Friday.
GfK’s monthly Consumer Confidence Index held at -23 in June the same as in May, and marginally above economists’ median forecast in a Reuters poll that had pointed to a fall to -24.
“The lack of movement in the headline figure is misleading as, beneath the surface, there are new signs that confidence is weakening,” Neil Bellamy, GfK’s consumer insights director, said.
• Confidence among people aged between 16 and 29 dropped by 11 points to -2, the weakest in two years
• Consumers’ assessment of their personal financial situation over the past 12 months fell by three points to -10 while their expectations for the coming year held at -2
• Intentions to make major purchases was unchanged at -20, its joint-lowest since January 2025
• Households’ assessment of the general economic outlook for the past year fell by two points to -49, while their outlook for the coming 12 months rose by two points to -36
• The GfK survey was based on 2,003 responses between May 29 and June 10
(Reporting by Suban Abdulla; editing by David Milliken)
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