Consumer confidence inches up for third month in a row

Shoppers  till  cash point  paying

Consumer confidence rallied for a third straight month in February as wages and house prices rose, unemployment remained low and inflation stayed stable.

Although consumer confidence remained in negative territory at -7 for February, that represented a two-percentage-point increase from January, according to the latest data from GfK.

Sentiment surrounding the UK’s general economic situation over the next 12 months improved five points month to month to -23. That marked a 10-point improvement year on year.

Consumer sentiment towards their personal finances over the next 12 months stayed flat at 6, whereas over the last 12 months it fell two points to -1.

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