Good times, for a change? Well, we might not go that far. But consumer confidence increased from 98.3 to 100.4 (+2.1) in February 2023, according to the latest analysis from YouGov and the Centre for Economics and Business Research (Cebr), amid positive movement across almost every measure.
It paints a radically different picture from February 2022, when household finance metrics took an historic nosedive thanks to the impending rise in the UK’s energy price cap.
YouGov collects consumer confidence data every day, conducting over 6,000 interviews a month. Respondents answer questions about household finances, property prices, job security, and business activity, both over the past 30 days and looking ahead to the next 12 months.
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