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UK consumer confidence strengthens in July amid 'paused' view on economy
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The overall score grew by one point from -14 in June to -13 in July, according to GfK's Consumer Confidence index. Joe Staton, client strategy director at GfK, said there was only «a subdued one-point improvement in the overall index score in July», mostly as a result of increases in two of the five measures. He noted that the «positive view» on personal finances, in particular, «is encouraging with July's score of -8,» which was two points higher from the month prior and the strongest since January 2022. Cold UK summer dampens consumer spending in June Similarly, the major purc...
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