UK – Consumer confidence fell in March, with the most serious declines seen in short-term job security and business activity, according to research by YouGov and the Centre for Economics and Business Research (Cebr).
The research registered a one-point drop in consumer confidence from 100.4 to 99.4, the first decline seen in YouGov and the Cebr’s consumer confidence index since October 2022.
The findings are based on data collected from more than 6,000 monthly interviews, with scores above 100 showing positive consumer outlook and below 100 representing a negative confidence score.
Job security measures for the past month fell from 94.4 to 91.3, while outlook for job security over the year ahead declined 1.2 points to 115.3.
Business activity measures dropped from 109 to 106.2 for the next 30 days, while longer term, business activity measures fell from 120.2 to 118.4.
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