UK GfK Consumer Confidence for September, -1

  • expected 0, prior was 1
  • Still above the 12-month average of this data ( -4.9)
  • Nick Moon, GfK’s managing director for social research:
  • Said index likely to continue to around this level
  • Said strong economic data is not translating into improved living standards, because wage growth remains weak
  • “Many people are not themselves feeling any better off despite the growth in GDP, and this may be tempering the impact of positive media coverage of the economy”