Consumer confidence has tumbled to its lowest point since the early days of the Covid-19 pandemic, after the mini-budget hammered optimism.
The latest consumer confidence report from YouGov and Cebr has found that people are the most pessimistic since the first lockdowns in April 2020.
Optimism about the economic outlook, and the outlook for house prices, both fell, and people remain very gloomy about their household finances.
Here are the key points:
- Consumer confidence declines (-3.0) to its lowest score (94.7) since April 2020
- Confidence in short-term house prices (-9.4) and outlook (-11.3) plunges
- Retrospective (-1.2) and forward-looking (-2.5) business activity metrics fall
- Optimism around household finances improves (+2.5) but remains negative (45.5)