UK consumer confidence rebounds in February from historic lows

Highest level since April 2022

UK consumer confidence improved more than expected in February from historic lows, reaching its highest level since April 2022.

GfK's consumer confidence index, which measures how people view their personal finances and wider economic prospects, jumped by seven points to -38.  This comes after confidence among UK consumers fell close to its record low in January, dropping three points from December to -24 after improving in the last quarter of 2022.  Consumer confidence in the UK claws back after improvement in Q4 Despite the rebound, Joe Staton, client strategy director at GfK, said that headline consumer confidence score is still "severely depressed" and the mood as well as the economy remain a "long way ...