UK Consumer Confidence Retreats Amid Caution About Economy
- GfK findings come despite signs of wider economic recovery
- Most gauges fall but households relatively upbeat on finances
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UK consumer confidence slipped back in February, suggesting households are not ready to splash out despite growing signs that the economy has emerged from its shallow recession.
GfK said its key sentiment indicator dropped 2 percentage points to minus 21, ending a three-month run of improvements. Economists surveyed by Bloomberg had expected a reading of minus 18 on average.