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GfK: UK Consumer Confidence Worsens in April Amid Iran War-driven Price Hikes

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Britain's consumer confidence indicator slipped to -25 points in April from -21 points in March, market research company Growth from Knowledge said Thursday.

The index saw its largest decline in a year and reached its lowest level since October 2023, with the figure missing the consensus estimate of -24 points.

The reading signals growing concerns regarding the economic consequences of the war in the Middle East. GfK noted that widespread pessimism has spread to both personal finance and general economic outlooks, with four of the five measures retreating and the savings index being the only metric climbing.

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