‘Battered’ consumer confidence declines in May
Consumer confidence edged down this month as shopper concerns about the economy amid the coronavirus pandemic increased.
Consumer confidence declined one point this month to -34, according to the GfK’S consumer confidence index.
Shopper sentiment about the economy over the last year and for the year ahead fell seven points and one point to -55 and -54 respectively, as chancellor Rishi Sunak warned that the UK may be facing a “recession like we’ve never seen” earlier this week.
Both these scores are down 25 points respectively compared to May last year.
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