FXstreet.com (Barcelona) - British consumers' confidence has fallen deeper in February to reach the lowest level in thirteen years, weighed by widespread fears on recession, as the latest report by the GfK NOP economic research institute shows.
Consumer confidence index has decreased to a level of -17 in February from -13 in January, reaching the lowest level since December 1994.
All four sub indexes have recorder declines, with the personal financial situation index dropping three points to -1, one point lower than in February last year. The general economic situation index has dropped 7 points to -40, the lowest level since the -51 recorded in April 1993.
The index measuring customers proneness to make big purchases has dropped six points on the month to -19, while the savings index, measuring the amount of consumers considering the present time as good time to save has declined two points to +28.