Consumer confidence has held steady at -13 this month, according to the GfK consumer confidence survey.
Despite ongoing political uncertainty, consumer confidence in March was unchanged compared to February.
However, there was a slight uptick in consumers’ personal finance situation scoring to 2, up one point from the previous month.
The measure for general economic situation over the last 12 months held steady month on month at -33, but was seven points lower than March 2018.
GfK client strategy director Joe Staton said: “Against a backdrop of stable inflation and a robust labour market, where wages continue to grow more quickly than prices, confidence has remained negative but fairly stable since the [Brexit] referendum.”
Although UK consumers are slightly optimistic about their financial situation for the coming year, Staton said “the index is being dragged down by our nagging fears for the general economy”.
“Things might change when people feel the current crisis has passed, but what sort of resolution can consumers reasonably contemplate just now? Or are consumers rightly sensing a bumpier economic climate for post-Brexit Britain?” he added.