Consumer confidence edges up in April

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Consumer confidence increased one point to -15 in April, new research reveals.

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GfK’s long-running Consumer Confidence Index shows two measures of confidence were up on the previous figures (19 March), while two measures were down, and one was flat.

Joe Staton, client strategy director GfK, said: “The improvement in the consumer mood since January is welcome but the pandemic has hit household finances hard and, on the road ahead, we will still see concerns over new variants, rising inflation, and the debt overhang.

“Nevertheless, there’s every chance that as the recovery gains momentum and the numbers get stronger, confident consumers will continue to spend and drive the wheels of UK finances into the summer and beyond.”

The UK Consumer Confidence Barometer is conducted among a sample of 2,000 individuals aged 16 and over on behalf of the European Commission.