UK Consumer Confidence Falls Amid Fear of Job Losses, GfK Says
Shoppers at Ridley Road Market in the Hackney borough of London, UK.
Photographer: Ayesha Kazim/BloombergUK consumer confidence declined for the first time in three months as rising unemployment and stretched household budgets loomed over the economic outlook.
GfK said Friday its sentiment gauge fell three percentage points to minus 19 in February, with Britons less willing to splash out on big-ticket items amid growing pessimism about their personal financial prospects.