UK consumer confidence at 50-year low

The consumer confidence index prepared by the market research company GfK fell to -45 in January, the third lowest value since 1974. Consumer confidence in the UK fell for the first time in 3 months. In January, the Consumer Confidence Index approached its lowest level in 50 years. The consumer confidence index prepared by the market research company GfK fell to -45 in January, the third lowest value since 1974. Economists had expected the confidence index, which was -42 in December, to recover to -40. The GfK consumer confidence index, calculated without adjusting for seasonally adjusted effects, generally shows increases in January. 2,000 people participated in the survey for the confidence index between January 3-12. In January, the balance between those who believed that their personal financial situations would be better in the next 12 months and those who expected it to be worse recovered from -29 in December to -27. The balance between those who believe the economic situation will be better in the next 12 months and those who think it will not be better increased from -53 to -54.