FX.co ★ UK Consumer Confidence Rising: GfK Index Hits -20 in May

The United Kingdom's consumer confidence is showing signs of recovery, according to the latest GfK Consumer Confidence Index. For the month of May, the index has improved to -20, marking a noteworthy increment from the April figure of -23. This data, updated on 22 May 2025, suggests a slightly more positive outlook among British consumers.

The rise in consumer confidence follows a period of persistent economic uncertainties. Although the index remains in negative territory, the three-point increase indicates a shift in sentiment. The improvement suggests that consumer concerns may be easing, with potential implications for spending and economic activity in the months ahead.

The GfK Consumer Confidence Index is a vital indicator for policymakers and businesses, reflecting consumers' willingness to make major purchases and their perspectives on the economic situation. As the UK navigates its post-pandemic economic landscape, the latest figures provide a cautiously optimistic sign that consumer trust and economic vitality may be on the road to recovery.