GfK Consumer Confidence Index rose for the first time in four months

Still net negative as you can see from the headline

GfK's comments:

  • views on the economy had improved despite rising inflation and the prospect of higher interest rates
  • consumers less buoyant about their personal finances
  • "This weakness is important as it reflects day-to-day plans to save or spend and is a strong driver of overall UK economic growth"
  • "However, one highlight for both physical and virtual retail is the seven-point jump in major purchase intentions in the run-up to Black Friday and Christmas."

Extra info via Reuters reporting.