"We are now approaching a whole year with the Index stuck within a narrow range of -29 to -33, and it is clear that much like the economy as a whole, consumer confidence is in the doldrums. And unfortunately, there are no signs either within the survey or in the recent economic figures to suggest any immediate improvement."
The overall index score has stayed the same this month at -31, the same level as April 2011. Three of the 5 measures saw increases in April 2012, with the remaining 2 measures decreasing. The annual moving average stays the same at -29.
Measure | Apr 2012 | Mar 2012 | Apr 2011 |
---|---|---|---|
Overall Index Score | -31 | -31 | -31 |
Personal Financial situation over last 12 months | -23 | -25 | -23 |
Personal Financial situation over next 12 months | -13 | -10 | -14 |
General Economic situation over last 12 months | -57 | -59 | -57 |
General Economic situation over next 12 months | -33 | -30 | -30 |
Climate for major purchases | -30 | -31 | -31 |
The index measuring changes in personal finances during the last 12 months has increased this month to -23; this is the same level as April 2011. The forecast for personal finances over the next 12 months has decreased 3 points to -13; this is 1 point higher than this time last year.
The measure for the general economic situation of the country during the last 12 months has increased 2 points this month to -57; this is the same level as April 2012.
An expectation for the general economic situation over the next 12 months has decreased by 3 points to -33, 3 points lower than April '11.
The major purchases measure has increased by 1 point this month to -30; which is one point higher than this time last year.
The 'now is a good time to save' Index, has decreased 5 points to -18, which is 10 points lower than April '11.
About the survey
Source: Research carried out by GfK on behalf of the European Commission.
The GfK Association was established in 1934 as a non-profit organization for the promotion of market research. Its membership consists of approximately 600 companies and individuals. The purpose of the Association is to develop innovative research methods in close cooperation with academic institutions, to promote the training and further education of market researchers, to observe the structures and developments in society, the economy and politics that play a key role in private consumption, and to research their effects on consumers. Survey results are made available to the membership. The GfK Association is a shareholder in GfK SE.
Go to: http://www.gfk.com