Global Economic News

UK Consumer Confidence Plummets In July - GfK

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.

by RTTNews Staff Writer

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