Consumer confidence risks ‘double dip’ as personal finance fears mount

High-Street-2

Consumer confidence is at risk of dropping sharply in the run-up to Christmas as shopper anxiety about the economy is compounded by growing unemployment concerns.

Consumer confidence fell six points to -31 in October with declines registered across all metrics, according to the GfK Consumer Confidence index.

Confidence in the general economy over the coming year posted the steepest fall, down 12 points to -50. Shopper confidence about the economy in the preceding 12 months declined six points to -67.

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