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.
UK consumers are more optimistic in May with confidence driven by an improved assessment of future personal finances and the state of the economy in the next year, data published Friday by the Gfk showed. "In addition, we're seeing a healthy five-point uptick in the major purchase index, with more consumers seizing the opportunity to splash the 'accidental savings' that some have collected," said Joe Staton, Client Strategy Director GfK.
Consumer confidence rose to -9 in May, up from -15 seen in April, making up the losses seen during the pandemic, the Gfk report showed. Household's opinion of the general economic situation in the next year was the main driver this month "and since January has leapt from -44 to + 4", the report showed.
"Growing confidence is fuelling the economy and only a reversal to lockdown can dampen this solid momentum," 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.