UK consumer confidence has improved by one point in July, boosted by major purchase intentions and an improvement in people's financial situations.
The overall score grew by one point from -14 in June to -13 in July, according to GfK's Consumer Confidence index. Joe Staton, client strategy director at GfK, said there was only "a subdued one-point improvement in the overall index score in July", mostly as a result of increases in two of the five measures. He noted that the "positive view" on personal finances, in particular, "is encouraging with July's score of -8," which was two points higher from the month prior and the strongest since January 2022. Cold UK summer dampens consumer spending in June Similarly, the major purc...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes