The IMF is wrong to be so gloomy: The British economy is strengthening not weakening post-Brexit October 5, 2016 I have two problems with the latest analysis of UK economic prospects in the IMF World Economic Outlook released this week. First, it is slightly dated and doesn’t take on board some important recent releases. The IMF is behind the curve. Second, the UK forecasts for next year appear to be based more on assumption [...]
Topps Tiles share price slides after company warns on low consumer confidence October 5, 2016 Topps Tiles said this morning that it had been hit by the fall in consumer confidence following the Brexit vote. After the company announced a slowdown in like-for-like sales growth to 1.4 per cent its share price slid more than six per cent. The sales dip was in part to due to a strategic change to [...]
Consumer confidence hits pre-referendum levels, but could inflation knock the UK economy off course? September 29, 2016 Brits are feeling just as optimistic about the state of the UK economy as they were before the referendum, a leading indicator has revealed. GfK’s consumer confidence barometer, out today, has bounced back to levels last seen in May and June, before the UK’s historic vote to leave the EU sent the index crashing at [...]
House price confidence ticked upwards in September as Brexit fears faded September 26, 2016 As worries about the effect of the Brexit vote on the UK economy start to fade, Londoners have become more confident about the price of their home. According to research by Knight Frank, people across the UK believe the value of their house increased in September. Londoners perceived the biggest house price growth of anywhere in [...]
Economists are expecting more positive data on consumer confidence this week as shoppers shrug off the Brexit vote September 25, 2016 Consumers' worries about the economic impact of the Brexit vote are fading, as economists are expecting positive data on sentiment to be released this week. Confidence in the UK economy slumped immediately after the EU referendum, but now economists are expecting an uptick. Read more: West End gets Brexit boost as sales to tip over [...]
Consumer confidence jumped up last month as shoppers refused to stay indoors during the summer heat August 31, 2016 Consumer confidence has bounced back from a post-referendum dip, with Brits determined to “carry on shopping” in August. The closely-watched GfK consumer confidence index rose by five points in August, up from minus 12 in July to minus seven – with all the measures used to compile the index going up. Respondents' confidence about the general economy improved [...]
Discount supermarkets set to benefit as consumer confidence falls through the floor after the Brexit vote July 29, 2016 Discount supermarkets are set to win big on Brexit as consumer confidence falls through the floor. UK consumer confidence dropped by 11 points in July – the biggest monthly fall for over 26 years, according to GfK. GfK’s consumer confidence index is now at -12, and dicount supermarkets could be the ones to benefit. A [...]
Sterling steadies after its worst three-week performance since 1992 July 8, 2016 Sterling steadied today after a tumultuous run over the past few weeks that saw the currency touch 31-year lows. The pound rose by 0.24 per cent against the dollar this morning, to $1.2939, and was up 0.13 per cent against the euro – £1 will now buy €1.1684 on the money markets. On Wednesday, the pound [...]
Brexit vote pushes confidence down at fastest pace in two decades July 8, 2016 One of the most closely-watched barometers of consumer confidence has suffered its sharpest monthly decline in more than two decades as the Brexit shock kicks in and households prepare to tighten the purse strings. The GfK consumer confidence index sank further into negative territory – scores which indicate more people feel the economy will get worse than better – between June [...]
Consumer confidence stayed steady in June ahead of the EU referendum – but the public was gloomy about the global economic outlook June 30, 2016 Consumer confidence stayed steady in June, immediately before the UK voted on its membership of the European Union. The GfK consumer confidence index for June, which was researched between 1 June and 15 June, remained at May's level of -1. Consumers were far more positive about their own personal finances than the global economic situation. The public's attitude [...]