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Consumer confidence in April rises to highest level since 2007

UK consumer confidence in April rose to its highest level since June 2007 according to figures released by GfK in its latest Consumer Confidence Barometer. The research firm’s headline figure increased by 2 points to -3.

GENERAL MERCHANDISE

Consumer confidence in April rises to highest level since 2007

While the measure for consumers’ personal financial situation over the next 12 months remained at the same as in March, the measure for the general economic situation of the country over the next 12 months increased by four points to 8.

Meanwhile, the climate for major purchases index rose three points to -4, which is 21 points higher than this time last year.

Nick Moon, managing director of Social Research at GfK, said: "The seemingly inexorable rise of the Index continues alongside a number of other economic indicators that continue to provide good news for the government.

"This month's two point rise to -3 takes the Index to its highest level since June 2007. This is not quite as dramatic as the fact the latest CBI survey shows business confidence at its highest level since 1973, but it still emphasises what a massive turnaround in confidence there has been over the last year."

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