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UK Confidence sinks to -41 in June to set new record low
GfK’s long-running Consumer Confidence Index decreased one point to -41 in June, setting a new record low. Four measures were down in comparison to the May 20th announcement, and one was flat. chart Joe Staton, Client Strategy Director, GfK says: “With a headline score of -41 for June, the GfK Consumer Confidence Barometer has set a record low for the second successive month. The four scores on our personal finances and the wider UK economic picture have all dropped and our measure on major purchase intentions is flat. With prices rising faster than wages, and the prospect of strikes and spiralling inflation ... (full story)