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UK consumer confidence falters after Christmas splurge


//business-finance.news-articles.net/content/202 .. -confidence-falters-after-christmas-splurge.html
Published in Business and Finance on Friday, January 10th 2025 at 0:00 GMT by Reuters   Print publication without navigation

  • Shares in Britain's Marks & Spencer and other retailers fell on Thursday, with 2 billion pounds ($2.45 billion) wiped off the sector, as concern about ebbing consumer confidence and economic weakness overshadowed healthy Christmas trading.

The article from Reuters discusses a decline in UK consumer confidence following a holiday spending spree. Despite a slight increase in consumer confidence in December due to holiday shopping, the GfK consumer confidence index dropped to -19 in January from -15 in December, indicating a faltering optimism among consumers. This downturn comes amidst concerns over the cost of living, with rising prices and economic uncertainty overshadowing the brief festive cheer. The survey highlighted that while there was a temporary boost from holiday sales, the overall mood remains cautious, with people worried about their personal finances and the broader economic outlook. This shift in sentiment could impact future spending and economic recovery efforts in the UK.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/uk-consumer-confidence-falters-after-christmas-splurge-2025-01-09/ ]

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