0816 GMT - Consumer spending in the U.K. could still pick up despite the barrage of bad news leaving Britons in a gloomy mood, Pantheon Macroeconomics' Elliott Jordan-Doak writes. Confidence dropped this month to its lowest since 2023, according to a survey by research group GfK set out Friday, as consumers reacted to a looming trade war, a spike in gilt yields and a difficult fiscal backdrop in Britain. Still, confidence doesn't always tally with behaviour, Jordan-Doak says. "Consumers' confidence should improve with real wage increases--including from the effect of a large minimum wage hike to come in April--and steady if unspectacular GDP growth," he tells investors in a note. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
January 24, 2025 03:16 ET (08:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。