-
UK Consumer Confidence Hits Two-Year High as Inflation Cools
UK consumer confidence climbed to the highest level in two years in January as slowing inflation made households more optimistic about their finances. GfK Ltd. said its measure of sentiment increased 3 points to minus 19, the highest level since January 2022. Confidence is still weak by historical standards as the reading remains below the 10-year average of minus 15. Household views of their financial prospects turned neutral, after 24 months of negative scores, the market researcher said Friday. All of its indicators improved this month, including readings on major purchases, savings and the general economic ... (full story)