Economic Buzz: UK consumer confidence improves to -23 in May from -25

The UK?s GfK Group Consumer Confidence Index edged higher to -23 in May 2026 from -25 in April, though households remained under pressure from elevated living costs and interest rate uncertainty. The savings measure plunged by 10 points, while the gauge for major purchase intentions slipped to -20, its weakest level since January 2025, signaling continued caution among consumers.

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