NEWS17 October 2016

UK consumers’ economic expectations recover post-Brexit vote

Brexit News Trends UK

UK — Economic expectations for consumers in the UK fell from -5.9 points in June to -28.3 in July, but have since recovered to -1.8, according to figures from GfK’s consumer confidence measure.

Overall, the consumer climate for the EU28 fell from 13.1 points to 12.3 points from June to September 2016. However, it had fallen to 10 points in July, so the September score shows a significant recovery.

In the UK, economic expectations fell from -5.9 points in June to -28.3 points in July, which was the lowest indicator value since October 2012. It had recovered by September, however, and currently stands at -1.8 points. 

Income expectations also fell, by -21.4 points to -2.2 points in July. In September it has recovered to 13.7 points. 

More figures, including for other European markets, can be found here