Consumer confidence stagnates at lowest ever levels

Calculator sat on a pile of gas and electric bills

Consumer confidence remained low in July as shoppers feel the cost-of-living pinch

Consumer confidence reached an all-time low in June of -41 and remained the same in the month of July as the economic gloom spread, according to the latest data from the GfK Consumer Confidence Barometer.

Consumer sentiment towards their personal finances for the last 12 months also stayed flat at -23, which was 22 points worse than the same month last year.

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