British consumer morale jumped to a two-year high this month as households became more confident about making major purchases, a survey showed on Friday that added to a run of unexpectedly strong economic data.
GfK's Consumer Confidence Index rose to -14 from -17 in July, against expectations in a Reuters poll of economists for a fall -18.
• All but one of the survey's five key sub-indexes rose in August
• GfK's gauge of confidence for making major purchases rose to its highest level since December 2021
• Personal financial confidence for the next 12 months rose to its highest level since January, while economic expectations rose to a two-year high
• Other consumer confidence surveys from YouGov/Cebr, BRC-Opinium, Barclays and LSEG/Ipsos have all shown increases over the last month
• GfK's survey, which dates back to 1974, was based on 2,000 adults polled between July 30 and August 12
