长沙USDT兑换选择|【唯一TG:@heimifeng8】|长沙USDT支付渠道✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Concerns rise over spending cuts as UK consumer confidence "collapses" in July
Nigel TAYLOR Published
July 21,长沙USDT兑换选择 2025
It was all going reasonably well for UK consumer confidence in 2025. But “suddenly, this resilience has collapsed” as an albeit fragile six-month run of positivity disappeared in July.
That’s according to GfK’s long-running index, which thinks the UK will now see a pull-back in consumer spending.
That “collapse” resulted in a six-point confidence fall this month in the headline score, dipping to -30. Meanwhile, three accompanying measures also fell compared to a year ago, raising concerns for personal finances and the wider economy over the next 12 months. The only upside was the slender one-point rise in the Savings Index to +26 that remains 13 points higher than this time last year.
But with all the readings down on a month ago, “there are clear concerns for the coming year,” said Joe Staton, Client Strategy Director for GfK. “The recent fall in headline inflation will do little to improve the financial mood; consumers need to see falling prices and interest rates before that happens.”
He added: “Reality has started to bite and, as people continue to struggle to make ends meet, consumers will pull back from spending, as is clear from the seven-point drop in this month’s measure of major purchase intentions. All in all, it’s bad news. People are feeling economic pain and this confidence deficit needs to be reversed before the gains this year are lost.”
The index measuring changes in personal finances during the last year is down five points at -20, some three points better than July 2025. And although that forecast for personal finances over the next 12 months is down, it’s still 19 points higher than this time last year.
Elsewhere, the measure for the general economic situation of the country during the last 12 months is down four points at -58 but remains eight points higher than in July 2025. And expectations for the general economic situation over the next 12 months have fallen by eight points to -33, but 24 points better than a year ago.
The Major Purchase Index is down seven points to -32, just two points higher than this month last year.