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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK DATA
UK GFK MAY CONSUMER CONF -27 (=FCAST); APR -30
- UK consumer confidence recovered by a further three points to -27 in the GfK May report, the fourth consecutive monthly improvement and the strongest performance since February 2022 due in large part to significant gains in the forward-looking personal finance and major purchase index sub-components.
- Despite recent improvements, the indicator still signals an overall pessimistic outlook, substantially lower than the historical average of -10.
- The forward-looking element of the personal finance situation rose 5 points to -8. This implies brightening outlooks for household buying activity, as the indicator "underpins our ability to spend on goods and services," Joe Staton, Client Strategy Director at GFK noted.
- The major purchase index meanwhile rose 4 points to -24. Perceptions of the general economic situation over the next 12 months likewise rose four points. The positive overall trajectory this year “might reflect a stronger underlying financial picture across the UK than many would think,” Staton added.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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