Consumer Confidence in the UK has dropped for the first time in 3 months. In January, the Consumer Confidence Index approached the lowest level of the last 50 years.
The consumer belief index, prepared by market research firm GfK, fell to -45 in January, the third-lowest price since 1974.
Economists had expected the confidence index, which was -42 in December, to recover to -40. The GfK consumer confidence index, which is calculated without seasonal effects, was generally on the rise in January.
For the confidence index, 2,000 people participated in the survey on January 3-12. In January, stability recovered from -29 to -27 in December amid those who believed that their personal financial situation would be better in the next 12 months and those who expected worse.
In the midst of those who believe that the economic situation will be better in the next 12 months and those who think that it will not be better, the stability increased from -53 to -54.