GfK Consumer Confidence Index June 2022

Headlines:

• GfK’s Consumer Confidence Index sank to a new record low in June, falling one point to -41. 
• Four out of five measures were down, with only the major purchases index remaining flat.

Source: GfK confidence

General economic situation 

• Consumers’ measure of the general economic situation over the last 12 months fell two points to -65 in June. This is 18 points lower than the same month a year ago. 

• Expectations for the general economic situation over the coming 12 months fell one point to -57. This is a staggering 55 points lower than in June 2021.

Personal finances 

• The personal finances index covering the last twelve months decreased one point to -23 in June, 23 points worse than a year ago.

• The forward-looking measure for personal finances over the next twelve months fell three points to -28, which is 39 points lower than this time last year.

Major purchases

• After falling for six consecutive months, the major purchases index stayed the same in June at -35. This is 30 points lower than the same month a year ago.

Savings Index (not included in the overall measure)

• Consumers’ propensity to save was down one point in June, with the savings index still in positive territory at +9. This is 12 points lower than a year ago.

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