UK Consumer Confidence Index Continues to Decrease in July

The confidence index of British consumers continued to decline in July 2017 and coincided with the minimum mark registered after the referendum on the withdrawal of the UK from the European Union (Brexit).

Data from the GfK survey showed that the consumer confidence index fell to -12 in July from -10 in June. Analysts had expected the decline to -11.

These figures are likely to reinforce the conviction of Bank of England’s officials, who want to keep interest rates unchanged.