Bank of America survey: UK unemployment rate expectations decline, consumer confidence rebounds

Jinshi data, March 6, the US Bank UK Consumer Confidence Survey showed that the UK's unemployment rate in February is expected to decrease by 5.6 percentage points. The Bank of America said: 'We did not anticipate a significant slowdown in the labor market, and the improvement in unemployment expectations supports this view.' The survey also showed that consumer confidence increased by 3 percentage points, indicating that spending may rise. 'The recovery of confidence, more importantly, the reduction of concerns about unemployment, provides preliminary evidence that consumer spending may revive,' the Bank of America said.