GfK Consumer Confidence Index May 2024

• GfK’s Consumer Confidence Index increased two points in May to -17. 

• Four measures were up and one was down compared with last month.

General economic situation 

• Consumers’ measure of the general economic situation over the last 12 months is up two points at -39. This is 15 points higher than a year ago in May 2023. 

• Expectations for the general economic situation over the coming 12 months increased by four points to -17. This is 13 points better than the same month a year ago.

Personal finances

• The personal finances index covering the last twelve months is up one point to -10, ten points better than a year ago.

• The forward-looking measure for personal finances over the next twelve months increased five points to +7, which is 15 points higher than the same time last year.

Major purchases

• The Major Purchase Index fell one point to -26. This is two points lower than the same month a year ago.

Savings Index (not included in the overall measure) 

• The Savings Index rose one point to +27 in May. This is eight points higher than a year ago.

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