British Consumers Increasingly Pessimistic

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A survey conducted of roughly 2,000 British citizens asking them to rate their views on the state of the economy found that pessimism is growing in the UK. The report, issued by GfK NOP, reported a decline by two base points in their survey measure.

The findings were only mildly below forecasts, which expected no change from last month’s reading of -30. The actual report came in at -32, making the pessimism only slightly higher, but still ominous given the news surrounding the rest of Europe to the south and east of Britain.

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