Consumer confidence in Britain even further weakened

It is not surprising to observe the fall of the index GfK in April to -31 from -28. A record minimum set in the middle of 2008, amounted to -39, while the average from 2000 to 2007 - is -2.4. Data once again confirms that consumers this year are expected bad state of affairs in the form of falling real incomes, the growth of necessary expenses and still unsure about the duration of growth in the remainder of the year, especially after yesterday's disappointing GDP data.

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