UK consumer confidence hits new record low: survey

uk consumer confidence hits new record low survey

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Confidence levels among Britain's consumers sank to a new record low this month as households struggled with the accelerating cost of living and faced the prospect of months of strikes, a survey showed on Friday.
Market research firm GfK said its consumer morale index, launched 48 years ago, fell to -41 in June from -40 in May, below levels that have previously preceded recessions.
Economists polled by Reuters had expected the index to hold at -40.
"With prices rising faster than wages, and the prospect of strikes and spiralling inflation causing a summer of discontent, many will be surprised that the index has not dropped further," said Joe Staton, client strategy di

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UK consumer confidence hits new record low: survey

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The New Arab UK consumer confidence hits new record low: survey Confidence levels among Britain's consumers sank to a new record low this month as households struggled with the accelerating cost of living and faced the prospect of months of strikes, a survey showed on Friday.Market research firm GfK said its consumer morale index, launched 48 years ago, fell to -41 in June from -40 in May, below levels that have previously preceded recessions.Economists polled by Reuters had expected the index to hold at -40."With prices rising faster than wages, and the prospect of strikes and spiralling inflation causing a summer of discontent, many will be surprised that the index has not dropped further," said Joe Staton, client strategy di

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