Consumer confidence in the UK economy has greatly decreased, with a drop of 31 points noted in recent surveys, reflecting a shift from an average of minus nine to minus 40. The worsening perception was particularly pronounced between February and May 2024 amid global economic events. Although there has been a slight recovery in confidence since last autumn, current levels remain low compared to the previous year. Most people anticipate a further decline in the economy, with pensioners exhibiting the highest levels of pessimism over this period.
Consumer confidence in the future UK economy has plummeted over the last year, falling by 31 points from an average of minus nine to minus 40 as reported by Which?.
Confidence had recovered a little since last autumn, but perceptions remained considerably lower than 12 months ago, with global events influencing negative sentiment during early 2024.
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