UK consumer confidence dips in June

| June 30, 2011 | 0 Comments

A survey of 2,000 individuals, conducted between June 3 and 12, has revealed a fall in consumer confidence.

According to the survey of consumer attitudes, carried out by GfK NOP Social Research, confidence dipped by 4 points to -25 in June after May’s 10 point rise, which represented the biggest increase since May 1993.

The reading was also worse than economists had expected.

Commenting on the findings, managing director Nick Moon said: “It was almost inevitable that there would be a drop in confidence in June following last month’s unique, feel-good circumstances of public holidays and the royal wedding.”

Meanwhile, in other news today, the Nationwide revealed house prices remained unchanged in June after May’s 0.3% rise.

House prices are still 1.1% lower on an annual basis with the average UK home costing £167,208.

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