UK Consumer Confidence Climbs In August – GfK

Consumer confidence in the United Kingdom jumped in August, data collecting website GfK said on Friday, as its index climbed to a reading of +7.

That beat forecasts for +4, which would have been unchanged from the July reading.

It also matched the June figure as a 15-year high.

“Rising house price inflation and improving employment growth prospects, combined with falling petrol prices and day-to-day living costs, as well as low interest rates, are translating into high levels of confidence across all major measures,” said Joe Staton, head of market dynamics at GfK.

The material has been provided by InstaForex Company – www.instaforex.com

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