Consumer confidence reaches highest level for 13 years, says GfK

Consumer confidence has reached its highest level for almost 13 years, according to data unveiled by GfK today.

Consumer confidence reaches highest level for 13 years, says GfK

The research company’s UK Consumer Confidence Index has increased three points this month to 4. All five measures used to calculate the Index saw increases in March.

GfK managing director of social research Nick Moon said: “At +4, the Index is the highest it has been for almost 13 years, and it has gone up a striking eight points in just three months.

“Reaction to the budget has thus far been muted, but if people warm to it over the next few weeks, then we may well see a further increase in the Index next month. A consistently rising Index in the run-up to the election is likely to be good news for the government.”

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