Overview
- GfK’s headline index fell two points to minus 19 in September, with all measures weaker on the month.
- Expectations for the general economy dropped to minus 32, down from minus 11 fifteen months earlier.
- GfK reported no clear boost to sentiment following the August 7 interest rate cut.
- Saving intentions declined by eight points, indicating a reduced willingness to set money aside.
- The Major Purchase Index fell three points to minus 16 and personal finance expectations eased to plus 4, with GfK warning that expected November tax rises could push confidence lower.