UK Consumer Confidence Holds at -23 as 16-29 Outlook Drops 11 Points

1 articles · Updated · Reuters · Jun 18

GfK’s June consumer confidence index stayed at -23, beating a Reuters poll forecast of -24 but masking weaker sentiment beneath the headline figure.
Younger Britons drove that deterioration: confidence among 16-29 year-olds fell 11 points to -2, its weakest level in two years, amid political uncertainty.
Households’ view of their finances over the past 12 months worsened by 3 points to -10, while expectations for the coming year held at -2 and major-purchase intentions stayed at -20.
The broader economic picture remained bleak: assessments of the past year fell 2 points to -49, even as expectations for the next 12 months improved 2 points to -36.