GfK Consumer Confidence Index January 2024

• GfK’s Consumer Confidence Index increased three points in January to -19.
• All five measures were up compared with last month.

General economic situation 

• Consumers’ measure of the general economic situation over the last 12 months is up by five points at -44. This is 22 points higher than the same month a year ago (December 2022). 
• Expectations for the general economic situation over the coming 12 months increased by one point to -25. This is 28 points better than the same month a year ago.

 Personal finances 

• The personal finances index covering the last twelve months increased two points to -12, 19 points better than a year ago. 
• The forward-looking measure for personal finances over the next twelve months increased two points to 0, which is 27 points higher than the same time last year.

Major purchases 

• The Major Purchase Index increased three points to -20. This is 20 points higher than the same month a year ago.

Savings Index (not included in the overall measure) 

• The Savings Index remained unchanged at +27. This is 13 points higher than a year ago.

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