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UK Consumer Sentiment Strengthens Despite Brexit Uncertainty

UK consumer confidence improved in May despite Brexit related uncertainties, survey data from market research group GfK showed Friday.

The consumer sentiment index rose to -10 from -13 in April. The expected score was -12.

Four measures increased and one remained unchanged in May. The index measuring changes in personal finances during the last 12 months rose to +3 from -1.

The forecast for personal finances over the next 12 months also increased by five points to +5.

The measure for the general economic situation of the country over the last year remained the same, at -30.

Expectations for the general economic situation over the next 12 months climbed five points to -29 and the major purchase index gained two points to +1 in May 2019.

“Despite a backdrop of Brexit-related change and complexity, and price rises for most household bills in April, consumers have managed a seasonal spring in their step with a three-point uptick in consumer confidence this month,” Joe Staton, client strategy director at GfK, said.

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