UK consumer sentiment rebounds in January
Confidence among UK consumers increased in January, rebounding from the nine month low it reached last month.
GfK’s Consumer Confidence Index rose five points to 1 this month, with all measures used to calculate the Index Score seeing increases.
“With less than 100 days before the election, this big jump in the Index will be very welcome news for the government, but before we get too carried away we need as always to look at the bigger picture,” said Nick Moon, managing director of social research at GfK.
In December, the Index moved outside the range of -1 (plus or minus 2), he noted, adding that this month’s rise “has done no more than return the Index to that same range, albeit the upper end of it".
“If next month sees another rise, that will definitely signal good news for the government but, if not, it will suggest that the growth in GDP is not making people feel better off.”
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