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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.