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UK consumer mood buoyant despite 'turbulence ahead'

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More figures show consumer confidence has jumped as people in the UK report optimism about their financial prospects for the year, according to a new survey

More figures show consumer confidence has jumped as people in the UK report optimism about their financial prospects for the year, according to a new survey

More figures show consumer confidence has jumped as people in the UK report optimism about their financial prospects for the year, according to a new survey

More figures show consumer confidence has jumped as people in the UK report optimism about their financial prospects for the year, according to a new survey.

GfK's consumer confidence index increased by four points in January to minus nine in a "surprisingly upbeat note", with all five of the survey's measures showing a rebound in optimism.

However GfK cautioned that the overall figure remains lower than this time last year, when it stood at minus five, and said the "off trend" number could be a temporary blip rather than a strong sign of recovery.

Joe Staton, head of market dynamics at GfK, said: "Having survived Christmas, new year, the January Sales and Blue Monday, bullish Brits report a more upbeat view of their financial prospects for 2018 this month.

"From expectations for their personal financial situation to the outlook for the UK economy and major purchase index, we are reporting a rebound in levels of optimism across the board after two years of the Overall Index Score sitting at zero or in negative territory."

But he added that "there could be more turbulence in the consumer mood this year and next".

Belfast Telegraph