UK consumer confidence remains at multi-year lows

Golden Ten Data reported on June 19 that UK consumer confidence remained unchanged this month, but is still close to multi-year lows due to the recent surge in energy prices caused by the Middle East conflict, which has worsened the outlook for personal finances. The UK's June GfK consumer confidence index remained steady at -23. Neil Bellamy, Consumer Insight Director at GfK, said: "The lack of movement in the overall data is misleading, as beneath the surface there are fresh signs that confidence is weakening." There was no change this month in views on future personal financial situations, but measures of past personal finances and economic conditions edged lower. Bellamy said this reflects "a sense that the past year has been extremely tough for many people."