UK consumer confidence bounced back in August, after an initial slump following June’s Brexit vote, but remains well below its level prior to the referendum and its 12-month average.
GfK’s consumer confidence index improved by five points to a reading of -7.
The major purchases index improved by nine points to +7 while the savings index slumped 16 points to -15, with consumers clearly determined to carry on shopping for today rather than saving for tomorrow, GfK’s head of market dynamics, Joe Staton, said.
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