UK consumer confidence returns to upwards climb in August

Up to -25 in overall index

UK consumer confidence has returned to an upwards climb in August, recovering from the drop in sentiment it experienced in July.

The UK consumer confidence index rose by five points in August, bringing sentiment to -25, compared to a sentiment score of -44 in August last year, according to data from GfK. Tax cut hopes raised as UK borrows less than expected in July The index has been consistently climbing since the start of 2023 until last month, during which the index dropped by six points. Within the overall index, there were particular improvements in the major purchase index, which rose by eight points last month, as well as the view of the general economic situation over the last year, which increas...