[ad_1]
UK consumer sentiment rose to a two-year high in January, survey results from the market research group GfK showed on Friday.
The consumer sentiment index improved to -19 from -22 in December. This was the highest score since January 2022.
The survey showed that households’ expectations of personal finances improved in January. The corresponding index gained two points and ended 24 consecutive months of negative readings.
Households’ assessment of past financial situation and view about the past and future general economic situation also strengthened in January.
Despite the cost of living crisis still impacting many households across the UK, consumers appear to be encouraged by the positive news about falling inflation, Joe Staton, client strategy director at GfK said.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
[ad_2]
Source link