UK consumer morale wilts under cost-of-living crisis: GfK – Reuters UK
- Date: 24-Sep-2021
- Source: Reuters
- Sector:Retail
- Country:Middle East
UK consumer morale wilts under cost-of-living crisis: GfK – Reuters UK
LONDON, Sept 24 (Reuters) - Growing worries over energy bills, food costs and tax hikes prompted a hefty drop in British consumer confidence this month as people became more downbeat about the economic outlook, a survey showed on Friday.
The GfK Consumer Confidence Index fell to -13 in September from -8 in August, the lowest reading since April and the biggest monthly drop since October 2020, when a surge in COVID-19 cases led to renewed lockdown restrictions.
A Reuters poll of economists had pointed to an unchanged reading.
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