Consumer confidence in the United Kingdom plunged in July, the latest survey from GfK revealed on Friday with an index score of -12.
That was well shy of forecasts for -8 after coming in at -1 in May.
The forecast for personal services also tumbled, falling from +8 to -1.
The UK's surprising vote to withdraw from the European Union is viewed as the primary cause for the decline.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.