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June 27, 2017

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UK consumer morale falls to lowest point in 6 months in October: GfK

LONDON--British consumer confidence fell to its lowest in six months in October, highlighting the fragility of Britain's recovery from recession, a survey by researchers GfK NOP showed on Wednesday.

The poll's headline index dipped to -30, the lowest since April when the country was in the middle of an economic slump. Analysts had forecast a steady reading of -28.

The latest figure contrasts with the official end of recession between July and September, when the economy grew 1 percent, partly helped by the London Olympics.

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