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Britain's consumers regain confidence

Britain's consumers have regained confidence following June's referendum outcome where the citizens have decided that their nation should exit the European Union, a survey showed yesterday.

Britain's CCI rises 3.2 points

The British Consumer Confidence Index, YouGov/CEBR, performed its biggest rise, on a month-to-month basis, since 2013, rising 3.2 points in August. The index was able to recover amid the Brexit vote, standing at 109.8.

Furthermore, according to the director at the Centre for Economics and Business Research, Scott Corfe, the consumer confidence improvement was indeed a great outcome and is related to the arguments of those who had the belief that a gradual and steady recovery could take place after the Brexit.

Moreover, the cost of imports could rise in 2017 amid the sterling's weakness, therefore proper planning and control should be in place, Scott Corfe stated.

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Friday, 26 Aug, 2016 / 7:49

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-s-consumers-regain-confidence

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