Spring weather boosts consumer confidence

The onset of spring appears to have had a positive impact on consumer confidence in the UK, analysts have noted.

According to Nationwide, factors such as slight improvements in the housing market have led to a recent upturn in optimism among Britons, as 26 per cent now believe that the economy will be better in six months' time.

Although the organisation said it is too early to say whether this marks the beginning of a sustained trend, it stated that the positive sentiment could in part be down to the clocks going forward and the arrival of spring weather.

Since the Met Office this week predicted that the UK can look forward to a hot and sunny summer this year, it is possible that the optimistic mood could continue over the coming months.

Martin Gahbauer, senior economist at Nationwide, commented: "Consumers appear to be more upbeat about the economic situation."

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