A study released on Wednesday revealed that although British consumers’ confidence increased in February, adding to other indicators that the economy is strengthening, people are nonetheless concerned about the pressure on their living standards.
According to a study conducted by YouGov and the Centre for Economics and Business Research (Cebr), consumer confidence increased by 2.1 points in the past month, rising from 98.3 to 100.4.
The improvement in consumer mood “adds to the more optimistic economic picture that has evolved since the beginning of the year, partially driven by a much more benign prognosis for energy costs,” Kay Neufeld, head of forecasting at Cebr, said.
Yet, the study found that a measure of short-term household finances only slightly improved.
