UK Consumer Confidence Hits Two-Year High
British consumer morale rose to a two-year high in August as households felt more confident about making major purchases. The GfK index improved to -14 from -17, defying expectations for a decline and adding to recent strong economic data.
Insights:
British consumer morale reached a two-year high during the August morning period as households grew more confident about making major purchases. The GfK Consumer Confidence Index rose to -14 from -17 in July, beating economist expectations for a fall to -18. The reading adds to a run of stronger-than-expected economic data across the United Kingdom.
