United Kingdom: Consumer confidence improves in May
May 30, 2016
In May, the GfK NOP consumer confidence indicator tallied minus 1 point, thus coming in slightly above the minus 3 points tallied in the previous month. April’s figure had marked the lowest figure since December 2014.
May’s reading mainly reflects an improvement in consumers’ perceptions regarding their personal economic situation in the last 12 months while the assessment of their personal economic situation for the next year did not change compared to the previous month. Moreover, households’ willingness to make major purchases in May improved over the previous month’s result.
Author: Dirina Mançellari, Senior Economist