UK Consumer Confidence Drops to Lowest Level Since Records Began

Members of the public walk along Oxford Street in London, England, on April 1, 2022. Dan Kitwood/Getty Images

Consumer confidence in the UK has dropped to the lowest level since records began nearly five decades ago, business intelligence firm Growth from Knowledge (GfK) has said.

GfK’s long-running Consumer Confidence Index decreased two points to minus 40 in May, the lowest score since records began in 1974.