By Ed Frankl Consumer confidence in the U.K. unexpectedly improved in August, nearly reversing July's drop, a signal that pressures on household spending may...
By Ed Frankl Consumer confidence in the U.K. unexpectedly improved in August, nearly reversing July's drop, a signal that pressures on household spending may be easing as inflation ticks down, according to a survey published Friday.
Against a backdrop of falling inflation, higher interest rates and rising weekly earnings, consumer confidence has regained momentum this month, said Joe Staton, Client Strategy Director at GfK. All five components measured in the survey--including respondents' feelings about their personal financial situation and the wider economy for the next 12 months--were higher than in July.
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