UK data - GfK Consumer Confidence for July: -7 (expected -8)

Author: Eamonn Sheridan | Category: News

GfK Consumer Confidence -7 in July 

  • expected -8, prior -9

At -7 its highest reading since February of 2020

Commentary via Reuters:
  • A seven-point jump in a measure of people's willingness to make big purchases showed consumers were responding to the lifting of coronavirus restrictions on non-essential shops in May, Joe Staton, GfK's client strategy director, said. "However, threats from increasing consumer price inflation, COVID variants and rising infection figures, (and) the looming end of furlough and the Job Retention Scheme could put the brakes on this rebound" 
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