Consumer confidence negative but rising in May
Consumer confidence remained negative in May, but did increase across four measures, according to the GfK Consumer Confidence Index.
The index, which measures general economic and personal financial situations and consumers’ spending and saving, showed four measures increased and one decreased in May.
Client strategy director at GfK Joe Staton said the warmer weather brought something of an uptick to consumer confidence but warned that it was unlikely to rise too high until “Brexit’s murkiness has finally come to an end”.
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