Middle East Conflict Dents Consumer Confidence

Consumer confidence slides as geopolitical tensions add pressure to UK retail

UK consumer confidence has fallen sharply in March, adding further strain to an already pressured retail sector as geopolitical uncertainty weighs on spending intentions. According to GlobalData’s latest UK Consumer Sentiment report, future consumer sentiment dropped by 8.2 points month on month, representing the steepest decline since the first UK Covid lockdown in 2020. The downturn follows escalating tensions in the Middle East, with data col…

Middle East Conflict Dents Consumer Confidence

Future consumer sentiment in the UK fell 8.2 points in March, the sharpest month‑on‑month drop since the first Covid lockdown six years ago, signalling that rising uncertainty caused by the Middle East conflict could further strain an already pressured retail (more…) The post Middle East Conflict Dents Consumer Confidence appeared first on KamCity.

UK consumer confidence sees sharpest fall in March since pandemic

British consumer sentiment has fallen by 8.2 points in March, marking the most significant monthly decline since the first Covid-19 lockdown, according to data collected by GlobalData. The fall in consumer confidence is said to be due to households fearing the impact of international conflict more than domestic tax changes.  News of the research findings came after strikes on Iran by the US and Israel. GlobalData found that shoppers are increasi…

UK consumer confidence sees biggest monthly fall since pandemic

The latest data shows consumer sentiment in the UK has fallen by 8.2 points – the sharpest monthly drop since the first covid-19 lockdown.

Middle East conflict drives sharpest UK consumer confidence drop since Covid

The latest data shows consumer sentiment in the UK has fallen by 8.2 points – the sharpest monthly drop since the first covid-19 lockdown.The post Middle East conflict drives sharpest UK consumer confidence drop since Covid appeared first on Just Food.