‘Battered’ consumer confidence declines in May

Woman with face mask street

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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