Consumer Confidence in the UK measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. It is important because high consumer confidence typically leads to increased consumer spending, which drives economic growth, while low confidence can result in reduced spending and economic contraction. Financial markets closely watch consumer confidence as it can influence stock prices, interest rates, and currency values, reflecting expectations about future economic performance.
Consumer Confidence in the UK measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. It is important because high consumer confidence typically leads to increased consumer spending, which drives economic growth, while low...