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Consumer confidence rises in ‘resilient’ UK

Consumer confidence in the UK rose to the highest level in six months in September, although it still remains below pre-referendum levels.

sunny weather boosts footfall

sunny weather boosts footfall

The index of confidence, which is collated by the Centre for Economics and Business Research (CEBR) and polling company YouGov, rose to 108.6 points in September – up from 107.7 in August and the highest level since March.

Any score over 100 means consumers are feeling more confident than unconfident.

“Despite various sources of uncertainty both politically and economically, consumer confidence in the UK is proving to be remarkably resilient,” said Nina Skero, head of macroeconomics at the CEBR. “While household budgets continue to feel the squeeze from inflation, other measures have rebounded somewhat.”

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