LONDON (Reuters) - British consumers are their most optimistic since the start of 2022 as they turn more hopeful about the economy with inflation on ...
LONDON - British consumers are their most optimistic since the start of 2022 as they turn more hopeful about the economy with inflation on the wane and wages growing, a survey showed onCountering the culture war with education and empathy | SaltWire #TransRights #HalifaxProtestLONDON - British consumers are their most optimistic since the start of 2022 as they turn more hopeful about the economy with inflation on the wane and wages growing, a survey showed on Friday.
The GfK consumer sentiment indicator rose for a second month in a row to -21 in September, the highest since January last year, from -25 in August although it remained below the average of -10 for the survey, which has been running since 1974.
"The reality is that consumer confidence remains suppressed, and the financial mood of the nation is still negative." Households' expectations for their personal financial situation over the coming year edged up to -2 to -3. A year ago, the reading stood at -40 after energy prices soared.Consumer price inflation dropped to 6.7% in August, down from a 41-year high of 11.1% reached in October 2022 but still more than three times the Bank of England's target.
The BoE on Thursday paused its long run of interest rate rises as the country's economy slowed, holding Bank Rate at 5.25% after 14 back-to-back hikes.Share story:
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