Consumer confidence rose month on month in June as shoppers felt more optimistic about the economy and their personal finances looking ahead.
Shopper sentiment improved by six points in the last two weeks in comparison with May, but remains low at -30, just four points above the initial April fall of -34 and down against a score of -13 this time last year.
People’s concerns about their personal finances over the last year abated slightly month on month, up one point to -9 according to GfK’s Consumer Confidence Index. Looking ahead to the next 12 months, sentiment improved six points to -4.
Consumer confidence in the general economic situation also improved. GfK reported a one-point increase in sentiment for the past year to -59, although this marked a 27-point decline year on year from June 2019.
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