Pantheon Macroeconomics

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19th May 2023 15:06U.K., Weekly Monitor

  • GfK’s composite index of consumers’ confidence rose to a 15-month high in May; benefits re-rating has helped.
  • The relationship between confidence and spending, however, has weakened greatly; many will save more.
  • A higher than usual fraction of workers remain fearful they will lose their jobs; they will remain cautious.

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Keywords for: 23 May 2023 UK Monitor

uk, consumers, consumer confidence, retail, spending, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence