U.K. Consumer Confidence Declines on Weak Economy, Jobs Outlook

U.K. consumer confidence dropped last month and may decline further after the economy slipped into a double-dip recession, according to Nationwide Building Society.

An index of sentiment fell to 44 from 53 in March, the Swindon, England-based customer-owned lender said in an e-mailed report today. A gauge of consumers’ expectations for the economy also plunged. The survey was conducted before data on April 25 showed the economy shrank for a second quarter in the three months through March.