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U.K. Consumer Confidence Weakens as Euro Area Hampers Economy
U.K. consumer confidence weakened this month as Britons’ outlook for the economy deteriorated, according to GfK NOP Ltd. The research group’s household-sentiment index fell to minus 2 from minus 1 in September. A measure of consumers’ expectations for the economy over the next 12 months dropped 2 points to 2, the lowest since February. U.K. economic growth cooled in the third quarter and threats to the recovery from the euro-area slump have mounted since then. With a national election due in May, Prime Minister David Cameron is counting on the recovery to lift consumers’ mood even as sluggish wage growth ... (full story)