Confidence among British consumers rose to its highest level in just over two years in June with the households' perceptions of the general economic situations improving, a survey by GfK NOP revealed Friday.
The consumer confidence index rose to -21 in June, the highest reading since May 2011, from -22 in the previous month.
Consumers were less downbeat about the economy and were more willing to make major purchases this month.
An indicator of consumers' expectations of the general economy in the next 12 months advanced to -16 from -18. The gauge measuring consumers' willingness to make major purchases climbed to -20 from -25.
"A one-point rise is not in itself important, but what matters more is that it is another marker in what now appears to be a clear upward trend," said Nick Moon, managing director of social research at GfK.
In June, however, consumers were slightly more pessimistic about their personal financial conditions, the survey found.
Data from the Office for National Statistics on Thursday showed that disposable income of British households logged the biggest drop since 1987 during the first quarter, partly due to lower wages as economic activity remained well below the pre-crisis peak.
The ONS also confirmed 0.3 percent GDP growth for the first quarter of 2013, reversing the previous quarter's 0.2 percent contraction. Compared to the first quarter of 2012, the economy grew 0.3 percent.
On Wednesday, Chancellor George Osborne announced a new round of spending-cuts, with plans to raise GBP 11.5 billion in savings from government budgets.
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