UK Consumer Confidence Slips
UK Consumer Confidence Slips

UK Consumer Confidence Slips

UK Consumer Confidence Slips

British consumer confidence fell this month to its lowest level since the immediate aftermath of the EU referendum, crimped by worries around rising inflation pressures, a survey showed, Reuters reported. Pollster YouGov and the Center for Economics and Business Research said their gauge of consumer morale fell by one point to 108.1 in December, the lowest level since July. The survey found a sizeable drop-off in optimism about household finances over the coming 12 months, with inflation set to rise sharply. “The slow creep of inflation is starting to be both seen in the economy at large and felt in consumers’ wallets throughout the country,” Scott Corfe, director at Cebr, said. “Despite things being better than many expected, looking ahead to 2017 there is a feeling that a slight slowdown is on the way.” The YouGov/Cebr report chimed with a separate survey by GfK on Thursday that showed a deterioration in consumers’ outlook for 2017, despite morale improving overall.


Short URL : https://goo.gl/IPBUZs
  1. https://goo.gl/2inxrG
  • https://goo.gl/AL3Nth
  • https://goo.gl/T5X6FM
  • https://goo.gl/rabRTu
  • https://goo.gl/TC1cdK

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints