British consumer confidence hits a two-year high, despite inflation warnings
2026-08-21 07:16:16
According to CoinMeta, British consumer confidence rose to -14 in August, hitting a two-year high, despite market expectations of a decline to -18. This unexpected increase reflects the strong performance of recent British economic data and may lead to an improvement in expectations for household spending. The main purchasing sub-index soared to its highest level since December 2021, which is particularly important for the retail and durable goods industries. The survey indicates that consumers' confidence in commodities has increased, despite GfK warnings of a resurgence in inflation risks, and uncertainties in the Middle East still exist. The GfK Consumer Confidence Index, based on interviews with 2,000 adults between July 30 and August 12, provides a relatively timely outlook on household attitudes.
Source:Internet
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