UK consumer confidence improved in May


In May, consumer confidence in the UK economy, according to GfK, amounted to minus 10 points, rising from minus 13 points in April. The figure exceeded economists' forecasts, who had expected it to rise to minus 12 points. Last month, only one out of the five sub-indice did not show growth. The British’s assessment of the overall economic situation in the last 12 months kept the April value — minus 30 points. The indicator characterizing the attitude of consumers to their financial situation over the past year rose to 3 points from minus 1 point. Their similar estimate for the next 12 months improved to 5 points from zero in April. The figure indicating the expectations of the British for the next 12 months was minus 29 points versus minus 34 points a month earlier.

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