Economic news

Britain’s consumer confidence shows no progress

May’s consumer confidence in Britain grew, though stayed in negative, as the latest data showed.

GfK’s Index of Consumer Confidence added 2 points in the month, but upbeat mood concerning private financial state couldn’t neutralize worries of the bigger economy, with the general score remaining at minus seven. Consumers are still decisively dissatisfied with the overall economy, said Joe Staton of GfK.

As Britain’s retail sales slump the fastest since the middle of 90s, hard conditions for the country’s retail keep harming the sector, he also said.

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