UK consumer confidence at -21 in March amid rising costs; positive personal finances outlook for the first time since 2021.
UK consumer confidence held steady at -21 in March, with households showing a positive outlook for their personal finances for the first time since 2021, according to GfK's market research group. Despite this, the major purchase index, measuring confidence in buying big-ticket items, fell two points to -27. The positive change in personal finance is considered a silver lining amid fiscal challenges and cost increases, such as higher fuel costs, rising council taxes, and utility expenses.
March 22, 2024
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