UK consumer confidence slipped by nine points in October, making it the largest month-on-month drop in over three years.
Market research company GfK’s Consumer Confidence Index plummeted from -21 in September to -30 for this month, the group revealed today.
The index measuring personal finance changes in the past year dropped by six points, making it an improvement from October last year.
Meanwhile, the forecast for personal finances over the next year was also better than last year, down by six points to -8.
The major purchase index dropped by 14 points, making it seven points above the same time last ye