Consumer confidence saw a “surprise” three-point increase in March as positive news about wage increases, inflation decreases and the Brexit agreement in principle, as well as the prospect of lighter evenings and the advent of spring, boosted morale.

According to GfK’s Consumer Confidence Index, all five measures of consumer confidence increased in March compared to February. For example, consumers’ propensity to make a purchase increased by two points to a score of two, while perceptions of their personal financial situation and the general economic situation over the last 12 months were up three points month over month.

In the case of the personal finance measures, the scores were even better than this time last year, with consumers particularly upbeat about their personal financial situation over the next 12…