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UK Consumer Confidence Unexpectedly Weakens Amid Financial Worries

By Jyotsna V   ✉   | Published:   | Follow Us On Google News
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Consumer confidence in the United Kingdom dropped to a three-month low in February, defying expectations for a modest improvement, amid a deterioration in households' assessment of their personal financial situation, results of a survey showed on Friday.

The U.K. consumer confidence index fell to -19 from -16 in January, the Consumer Confidence Barometer survey by the GfK and the Nuremberg Institute for Market Decisions (NIM) revealed. Economists had expected a mild increase to -15. The latest reading is the lowest since November.

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