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UK consumer confidence rises more than expected in August

From reuters.com

British consumer morale strengthened more than expected in August, matching June's nine-year high, as Britons became more confident about the economy and their financial prospects, a survey showed on Friday. Polling company GfK said its monthly consumer confidence index rose to +1 in August from -2 in July, beating forecasts for a smaller increase to -1 in a Reuters poll. The survey suggested consumer spending will remain one of the biggest drivers of Britain's swift economic recovery. Its major purchases index rose to its highest level since August 2007 - around the start of the financial crisis. Nick Moon, managing ... (full story)

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