Improved optimism in household finances over the next 12 months has led to an increase in the overall index of consumer confidence produced by GfK. The personal finance expectations index was flat in January. This marked the first time in two years that it has not been negative! The client strategy director at GfK, said “consumer confidence has started the year well. Despite the cost-of-living crisis still affecting many households across the UK, consumers appear to be encouraged by the positive news about falling inflation.”
BFS Comment: One hopes that they are right and that the future trend will be positive. Our economy needs whatever boosts it can get at this time.