Economics
U.K. June Consumer Confidence Drops as GfK Sees Turbulent Summer
- Greater concerns about personal finances are a worry: GfK
- Lloyds business confidence edges up in June, remains subdued
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U.K. consumer confidence took another dip in June as Britons became more pessimistic about their personal financial situation in the face of Brexit uncertainty.
GfK’s headline confidence measure dropped to minus 13, erasing a slight rebound in May, the firm said in a report Friday. All five components of the index -- encompassing scores for personal finances, general economic optimism and major purchase intentions -- dropped from the previous month.