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Nigel TAYLOR Published
October 20,TG盗号系统全自动 2025
After a relatively good summer for UK consumer confidence, the dark clouds of doubt are gathering. In a double blow, the latest confidence reading for October fell nine points to an already low -30, while the important Major Purchase Index ahead of the festive season plunged 14 points, according to data company GfK.
All five of its index readings for this month are down compared to last month’s announcement, with its client strategy director Joe Staton saying the sharp fall “underlines that the cost-of-living crisis, and simply not having enough money to make-ends-meet, are still exerting acute pressure for many consumers.”
Other figures in the index show the measure for the Personal Financial Situation fell six points to -19, nine points better than October 2025 while the forecast for personal finances over the next 12 months dipped six points to -8, still 26 points higher than this time last year.
The measure for the general economic situation of the country during the last 12 months is down seven points at -54, some 15 points higher than in October 2025. Expectations for the general economic situation over the next 12 months fell eight points to -32, some 29 points better than October 2025.
The Savings Index is also down two points at +25, albeit 12 points higher than this time last year.
Staton added: “The fierce headwinds of meeting the accelerating costs of heating our homes, filling our petrol tanks, coping with surging mortgage and rental rates, a slowing jobs market and now the uncertainties posed by conflict in the Middle East, are all contributing to this growing unease.
“The volatility we are seeing in consumer confidence is a sure sign of a depressed economic mood and there’s no immediate prospect of any improvement.”