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(Bloomberg) — UK consumer confidence improved for a third consecutive month to the strongest level in 2 1\/2 years, reflecting a rosier economic outlook ahead of the general election.<\/p>\n
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The market research firm GfK Ltd. said its measure of sentiment climbed 3 points to minus 14 in June, stronger than the minus 16 economists had expected. The figure matches levels in November 2021 \u2014 before Russia\u2019s invasion of Ukraine touched off the worst inflation in four decades.<\/p>\n
The findings support Prime Minister Rishi Sunak\u2019s argument that the economy has turned a corner after last year\u2019s recession. It\u2019s another indicator that the UK may eek out stronger growth in the months ahead despite lingering concerns about higher prices.<\/p>\n
\u201cConfidence continues its robust long-term upward trend,\u201d Joe Staton, client strategy director for GfK, said in a report Friday. \u201cThe headline score remains negative owing to the difficulties so many have experienced as the unrelenting cost-of-living crisis batters household budgets.\u201d<\/p>\n
The report also showed:<\/p>\n
Confidence about the general economic situation in the next 12 months rose by 6 points to minus 11, the highest value since August 2021.<\/p>\n<\/li>\n
People\u2019s sentiment about their own personal financial situation slid by 3 points to register 4 points.<\/p>\n<\/li>\n
Views about whether it\u2019s the right time to make a major purchase rose by 3 points to minus 23.<\/p>\n<\/li>\n<\/ul>\n
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