{"id":611274,"date":"2023-02-24T03:52:24","date_gmt":"2023-02-24T09:52:24","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/24\/dow-jones-newswires-u-k-consumer-confidence-improves-more-than-expected-in-february\/"},"modified":"2023-02-24T03:52:24","modified_gmt":"2023-02-24T09:52:24","slug":"dow-jones-newswires-u-k-consumer-confidence-improves-more-than-expected-in-february","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/24\/dow-jones-newswires-u-k-consumer-confidence-improves-more-than-expected-in-february\/","title":{"rendered":"Dow Jones Newswires: U.K. consumer confidence improves more than expected in February"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230223-715897\" role=\"document\">\n<p>U.K. consumer confidence improved more than expected in February, a sign of strength even as households continue to feel the pinch from high inflation and climbing interest rates.<\/p>\n<p>Research firm GfK said its consumer-confidence barometer rose to minus 38 in February from minus 45 in January, the highest reading since April and more than reversing a dip last month.<\/p>\n<div>\n<p>The reading, the largest monthly rise in sentiment since March 2021, beat economists\u2019 expectations of a smaller improvement in sentiment to minus 43.<\/p>\n<p>However, the confidence level is still severely depressed and the mood remains a long way off the levels before coronavirus-related lockdown measures, GfK client strategy director Joe Staton said.<\/p>\n<p>\u201cMany challenges remain and this may be nothing more than a bubble of hope\u2013and bubbles always burst,\u201d he said.<\/p>\n<p>The rise in confidence was mainly driven by an improved assessment of personal financial situation and in the state of the economy over the next 12 months, according to GfK.<\/p>\n<p>U.K. inflation eased to 10.1% in January from 10.5% in December, its third fall in as many months, as fuel prices moderated, suggesting price pressures are abating.<\/p>\n<p>The Bank of England, which raised interest rates to 4.0% in early February, has also signaled that it might soon pause its rate-hike cycle amid signs that economic expansion is softening.<\/p>\n<\/p><\/div>\n<\/div>\n<p><a href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C0C4D5-7425-4434-F126-6374C5E39CB4%7D&#038;siteid=rss&#038;rss=1\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Arden Mcnaught<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. consumer confidence improved more than expected in February, a sign of strength even as households continue to feel the pinch from high inflation and climbing interest rates. Research firm GfK said its consumer-confidence barometer rose to minus 38 in February from minus 45 in January, the highest reading since April and more than reversing<\/p>\n","protected":false},"author":1,"featured_media":611275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[520,106746],"tags":[],"class_list":{"0":"post-611274","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jones","8":"category-newswires"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/611274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=611274"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/611274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/611275"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=611274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=611274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=611274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}