UK consumer confidence plunges to -24 in October, worst since 2023

GfK's UK consumer confidence index fell sharply to -24 in October from -13 in September, marking a significant deterioration in household sentiment. The drop suggests weakening consumer spending prospects and adds to evidence of a slowing UK economy, though the report is a survey-based indicator subject to revision.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works