UK consumer sentiment strengthened more-than-expected in July to reach ahead of its March 2020 pre-lockdown level, survey data from the market research group GfK showed on Friday.
The consumer sentiment index rose to -7 in July from -9 in the previous month. The expected reading was -8.
"This means it has now held firm or improved for six months in a row," Joe Staton, client strategy director GfK, said. "What happens across the remaining summer months will frame consumer confidence for the rest of 2021 and beyond," Staton added.
Among components of the consumer sentiment index, two measures were up in comparison to June, two measures were down and one stayed the same in July.
The assessment of the past personal financial situation fell to -1 from zero in June, while the outlook for the personal financial situation held steady at 11.
Consumers' view about the past general economic situation climbed to -43 from -47, while expectations for the general economic conditions worsened to -5 from -2.
At the same time, the major purchase index rose to +2 from -5 a month ago.
Australia will on Wednesday see Q2 figures for consumer prices, highlighting a modest day for Asia-Pacific economic activity.
Overall inflation is expected to rise 0.7 percent on quarter and 3.8 percent on year after gaining 0.6 percent on quarter and 1.1 percent on year in the three months prior.
The RBA's trimmed mean is called higher by 0.5 percent on quarter and 1.6 percent on year, accelerating from 0.3 percent on quarter and 1.1 percent in year in Q1. The RBA's weighted median is tipped to rise 0.5 percent on quarter and 1.7 percent on year, up from 0.4 percent on quarter and 1.3 percent on year in Q1.
Japan will see final May results for its leading and coincident indexes; the previous readings were 103.8 and 95.3, respectively.
Thailand will provide June numbers for industrial production, with forecasts suggesting an increase of 18.75 percent following the 25.84 percent spike in May.
Finally, the markets in Thailand are closed on Wednesday in observance of King Maha's Birthday; they will re-open on Thursday.
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