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March 16, 2023

Reuters – UK consumer mood improved in February

British consumers grew more confident in February, adding to signs of an improving economy, but households are still worried about the squeeze on their living standards, a survey published on Wednesday found.

A YouGov and the Centre for Economics and Business Research (Cebr) survey showed consumer confidence rose 2.1 points last month, increasing from 98.3 to 100.4.

“The turnaround in consumer sentiment adds to the more positive economic picture that has emerged since the start of the year, partly driven by a much more benign outlook for energy prices,” Kay Neufeld, head of forecasting at Cebr, said.

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