UK Consumers Fear for Economic Future

01 July 2008

LONDON: Consumer confidence in the UK plummeted in June, hovering just one point above rock-bottom as rising petrol prices, energy costs and food bills combined to deepen gloom about the nation's economic outlook.

GfK NOP's consumer confidence index was at -34 last month, five points below May's reading and just one point above the March 1990 record low of -35. In June last year the index stood at just -3.

Comments researcher Rachael Joy: "It's no surprise that confidence in the general economy is almost in freefall. It seems unlikely this trend will reverse in the near future." 

Data sourced from BBC Online; additional content by WARC staff