British consumer sentiment fell back this month as households grew more worried about their finances and remained gloomy about the outlook for the economy, according to a long-running survey by market research company GfK.
The headline gauge of consumer confidence, compiled by market research firm GfK for the European Commission, fell to -9 from a 10-month high of -7 in March.
That meant the index had been in negative territory for 28 consecutive months with the last positive reading in January 2016, five months before voters decided to leave the European Union.
“Hope springs eternal for better numbers but the continued uncertain economic forecast means that the sun is not yet shining brightly for UK consumers,” Joe Staton, client strategy director at GfK, said in a statement.
“As consumers, we need to see clear evidence with our own eyes – in our bank balances and pay packets – that balmier economic climes have returned. Yet our view of the UK’s general economic situation remains low.”