GfK’s Index Shows Increase in August

  • UK consumer confidence increased three points in August to -7
  • GfK’s consumer confidence index rose by three points this month
  • Personal finances index for the last 12 months increased by three points to +4
  • Forecast for personal finances over the next 12 months increased one point to +8
  • General economic situation measure for the past 12 months increased two points to -26
  • Joe Staton, client strategy director at GfK, believes consumers are waiting and seeing before reacting to Brexit

The GfK consumer confidence index has shown an increase of three points to -7 in August 2018. The index measuring changes in personal finances over the last 12 months has also risen by three points this month, two points higher compared to the same period last year. The forecast for personal finances over the next 12 months increased one point to +8. Additionally, the measure for the general economic situation of the country during the last 12 months increased two points to -26, four points higher than August 2017. Joe Staton, client strategy director at GfK, commented that consumers are aware of Brexit’s impact but seem to be waiting and seeing before reacting.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the GfK’s consumer confidence index, its changes over time, and includes a relevant quote from an expert on the topic.
Noise Level: 3
Noise Justification: The article provides relevant information about the GfK’s consumer confidence index and its changes over time, as well as an expert opinion on the impact of Brexit on consumer behavior. However, it could benefit from more in-depth analysis or context on how these changes may affect various sectors or industries, and explore potential long-term consequences.
Financial Relevance: Yes
Financial Markets Impacted: Consumer confidence and personal finances
Financial Rating Justification: The article discusses the GfK’s consumer confidence index, which measures changes in personal finances and the general economic situation of a country. This can impact financial markets as it reflects consumers’ attitudes towards spending and saving, which in turn affects businesses and overall economic growth.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk