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Published on September 30th, 2019 | by The GC Team

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Consumer confidence rises as Brexit deadline nears

UK consumer confidence increased in September after taking a three-point pounding in August, driven by falling expectations for the general economic situation over the next 12 months and the forecast for personal finances during the same timeframe

GfK’s Consumer Confidence Index increased two points to -12 in September, with all five measures used to determine the score increasing.

Joe Staton, Client Strategy Director at GfK commented on the long succession of negative Overall Index scores since the Brexit referendum, with the overall trend downwards.

“This month, British consumers appear to be treading water during this wait-and-see run-up to October 31st,” he said.

There is still a long way to go to match the record low Index score of -39 witnessed during the early days of the last recession, Staton noted, adding: “You can almost sense people are keeping their fingers crossed.”

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