By John Glenday

A survey of consumer confidence has indicated that consumer sentiment has resumed an upward tack following a dip in the immediate aftermath of Britain’s vote to leave the European Union.

Figures collated by market research firm GfK showed consumer confidence bounced back to -7 in August, up from just -12 in July, buoyed by a further reduction in interest rates, rising employment and low inflation.

Giving his take on the stats GfK’s Joe Staton said: “We’re reporting some recovery in the index this month as consumers settle into the new wait-and-see reality of a post-Brexit, pre-exit UK.”

In tandem with a loosening of Read full story ›

Source: The Drum