Business and Consumer Confidence: Information on business and consumer confidence surveys, which is generally released ahead of official statistical data and can indicate changes to the economic outlook as well as turning points in the economic cycle.

Confidence surveys, with information generally released ahead of official statistical data, can indicate changes to the economic outlook as well as turning points in the economic cycle.

European Commission Economic Sentiment Indicator

The European Commission conducts regular harmonised surveys for different sectors of EU member states’ economies.

Between May and June 2020, the overall UK sentiment index recovered slightly by 3.5 points to 65.2 from its low of 61.7.

CBI Industrial Trends Survey

The CBI carries out monthly and quarterly Industrial Trends surveys.

In June, more manufacturers thought that output would fall over the next three months than thought it would rise. The difference was -30% of manufacturers, still very low but continuing the recovery from ‑67% in April.

GfK Consumer Confidence Survey

GfK’s Consumer Confidence Index (carried out on behalf of the European Commission) measures a range of consumer attitudes, including forward expectations of the general economic situation and households’ financial positions, and views on making major household purchases.

In a flash estimate on 3 July, the index was -27, up by three points from two weeks before.