UK consumer confidence reaches a near-three-year high in July, major purchase index surges 7 points.
Consumer confidence in the UK has increased to a near-three-year high in July, according to GfK's Consumer Confidence Index, rising to -13. A major purchase index saw a 7-point surge, signifying increased confidence in buying high-value items. However, confidence in the UK economy over the next 12 months remains steady at -11, with the cost-of-living crisis continuing to impact consumer spending habits.
July 19, 2024
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