UK Consumer Confidence Extends Recovery After Inflation Drops.

UK consumer confidence has improved for the second consecutive month, according to GfK's sentiment tracker. The index climbed two percentage points to minus 17 in May, surpassing economists' expectations and indicating a more positive economic outlook. While personal financial prospects, savings, and the general economic outlook all showed gains, the willingness of households to spend on big-ticket items declined slightly. Despite easing inflation, prices remain 23% higher than pre-pandemic levels and GDP per capita is still below last year's figures. [Extracted from the article]