Consumer confidence recovered in May, regaining all the ground lost during the Covid outbreak, as lockdown restrictions were relaxed and the UK’s successful vaccination rollout continued.
Sentiment rose six points in May as consumer optimism about personal finances and the economy increased, the GfK Consumer Confidence Index revealed. That was the highest score recorded in the past year.
Consumers were also positive about the general economic situation at present, with that measure up 10 points month on month and seven year on year.
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