UK Consumer Confidence Rises as Big Spending Plans Fall
The GfK consumer confidence index rose slightly to -23 in May despite ongoing concerns regarding regional conflict and interest rate uncertainty. However, the gauge for major purchases dropped to its lowest level since early 2025 as households dip into savings to cover daily costs.
Xurve View
Xurve View
United Kingdom consumer confidence rose to -23 in May, though big-ticket purchase intentions fell 2 points to -20. The reading beat economist expectations of -28 but marks the lowest level for major spending since January 2025. Fragile household sentiment and depleting savings suggest a weak recovery for retail and discretionary sectors.
