‘Burnham bounce’ and World Cup lift mood in July, says data firm
UK consumer confidence has seen its largest rise in three years, driven by political optimism regarding a potential leadership change, the England football team's performance, and favorable weather. However, personal financial outlooks remain more cautious.
Why it matters
Consumer confidence indices are key indicators of economic health and future spending patterns in the UK.
The confidence index scores were still well below the levels seen before the Brexit vote in 2016. The confidence index scores were still well below the levels seen before the Brexit vote in 2016. Consumer spending ‘Burnham bounce’ and World Cup lift mood in July, says data firm ‘Wave of optimism’ is sparked by prospect of new PM, England football team’s progress and hot weather
Prefer the Guardian on Google Consumer confidence in the UK jumped this month by its biggest margin for nearly three years as the prospect of Andy Burnham becoming prime minister became almost certain.
The data company GfK said a “Burnham bounce” along with a strong run by the men’s England football team at the World Cup and sunny weather had lifted the mood of consumers in its long-running monthly survey.
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