Consumer confidence increased three points to -24 in June, the best showing for 17 months, new data reveals.
GfK’s long-running Consumer Confidence Index shows three measures of confidence were up, one was down, and one was unchanged in comparison to last month’s figures.
Joe Staton, Client Strategy Director at GfK, said: “Despite the fierce economic headwinds of the cost-of-living crisis, double-digit grocery price increases, and the mortgage squeeze severely impacting both homeowners and renters alike, the UK Consumer Confidence Index has improved by another three points in June, the fifth monthly improvement in a row.
“The most telling finding is how we see our personal financial situation in the coming year – the money going in and out of our bank accounts – which shows a healthy seven-point increase. This is a whisker away from pushing into positive territory, something we have not seen since December 2021, and it’s also the third consecutive monthly increase – all of which is good news for the future.”
The UK Consumer Confidence Barometer was conducted among a sample of 2,000 people aged 16 years old and over.
