British consumer confidence recovered in May, according to the GfK survey, rising three points to -20. This increase reflects a rebound from April's decline influenced by global trade tensions. The optimism is driven by improved expectations for personal finances and increased confidence in the overall economic outlook. Although inflation remains a concern due to rising costs, including energy prices, the Bank of England's rate cuts and stabilizing trade relations have contributed to a more positive consumer sentiment, indicating resilience in spending and personal finance outlooks.
Inflation fears have not disappeared, but the consumer mood in the UK does appear to have improved a little.
The consumer sentiment index rose by three points to -20 in May, its highest level in two months, partially reversing April's sharp decline triggered by escalating global tariff tensions.
Respondents also expressed increased confidence in the broader economic outlook over the next 12 months, suggesting that consumer spending remains resilient.
The uplift in confidence comes in the wake of a de-escalation in trade tensions between the US and China, calming nerves in the market.
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