United Kingdom: Consumer sentiment rises for first time in four months
May 31, 2012
In May, the consumer confidence index elaborated by GfK NOP increased by 2 points to minus 29 points, contrasting market expectations of consumer sentiment falling to minus 32 points. The rise represents the first improvement in four months, bringing the index to exactly the same level it was when the economy was entering recession in January and February this year. The improvement was the result of a rise in the two subcomponents that deal with future prospects. Expectations for both the general economic situation and respondents' own financial situation improved compared to April. In contrast, the assessment of the present situation compared to the previous 12 months, along with the willingness to make major purchases, deteriorated slightly over the preceding month.