UK Gfk Consumer Confidence rose to -25 in September, up from -27. German Economic Situation index over the next 12 month rose 4 pts to -38. Major Purchase index also rose 4 pts to -21. But Personal Financial Situation over the next 12 months was unchanged at 1.
Joe Staton, Client Strategy Director GfK, says: “Consumer confidence has crept forward for nearly four months in a row now, but can this fragile improvement last or is it about to come to a grinding halt?… Consumers are as jittery as stock markets right now and as the UK government puts the brakes back on – and there may be more to come – only an unbridled optimist will bet on confidence climbing further.”