UK consumer confidence regains momentum in August

UK consumer confidence regained momentum in August showing signs of “renewed optimism” after it had a dramatic six-point fall in July. 

The overall index score for consumer confidence saw a welcome five-point increase to -25 in August, according to the latest GfK Consumer Confidence Index.

All five indexes measuring consumer confidence were up compared with last month “against a backdrop of falling core inflation, higher interest rates and rising average weekly earnings”.

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