Consumer Confidence Falls to Three-Year Low Amid Cost of Living Pressures
UKPulse Money Desk
UK consumer confidence has fallen to its lowest level in over three years, with the sentiment index dropping to 41.3 in October.
- The S&P Global consumer sentiment index decreased to 41.3 in October.
- This figure is down from 42.7 recorded in September.
- The decline marks the lowest level for consumer confidence in more than three years.
Consumer confidence in the UK has reached its lowest point in over three years, according to the latest data. The consumer sentiment index, compiled by S&P Global, registered 41.3 in October, a decrease from 42.7 in September.
The decline in sentiment is attributed to ongoing cost of living pressures and concerns regarding potential interest rate increases.