LONDON (dpa-AFX) - An index measuring consumer confidence in the United Kingdom increased more than expected, turning positive in January, the latest survey from polling company GfK revealed on Friday.
The consumer confidence index came in at 1 in January, turning positive unexpectedly as economists forecast the index to come in at -2. This follows the nine-month low score of -4 in December.
'With less than 100 days before the election, this big jump in the Index will be very welcome news for the government, but before we get too carried away we need as always to look at the bigger picture, ' said Nick Moon, managing director of social research at GfK.
'If next month sees another rise, that will definitely signal good news for the government but, if not, it will suggest that the growth in GDP is not making people feel better off, '
Copyright RTT News/dpa-AFX