UK consumer confidence has jumped by two points in the month of March, though the outlook remains gloomy.

The overall index score for consumer confidence jumped two points to -36 in March, according to the latest GfK Consumer Confidence Index.

Consumers’ outlook for their personal financial situation over the last 12 months was flat at -26, while it drops three points to -21 over the next 12 months.

Consumer confidence in the general economic situation over the last 12 months increased by three points to -62 and jumped the same regarding the general economic situation over the next 12 months.

The major purchase index edged up four points to -33.

GfK client strategy director Joe Staton said: “A small improvement in the overall index score this month masks continuing concerns among consumers about their personal financial situation. This measure best reflects the financial pulse of the nation and it remains weak with the figure for the coming year down three to -21 and an unchanged score for the past 12 months of -26.

“Forecasts that headline inflation will fall this year have proved premature, given Wednesday’s announcement of an unexpected increase. Wages are not keeping up with rising prices and the cost-of-living crisis remains a stark reality for most. The recent Budget will bring relief to some sections of the population but for now, many people are simply looking to survive day by day. Just having enough money to live right and pay the bills remains the number-one concern for consumers across the UK.”

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