Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Consumer confidence crumbles after general election

Consumer confidence levels crumbled in June 2017, falling five points, the GfK index indicates. 

The index now sits at -10, which the GfK says points to “negative sentiment about personal financial situation and expectations for the wider economy.” The index fell across all measures, and the major purchase index was hit particularly hard, down eight points compared with June 2016.

“The scores on the general economic situation looking forward and back 12 months is now particularly weak,” commented Joe Staton, Head of Market Dynamics at GfK. “Strong consumer spending has propped up the economy since last June, but now the twin pressures of higher prices and sluggish wage growth are squeezing household finances and adding to widespread fears of a Brexit-induced economic slowdown.”



Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.