Consumer confidence sees biggest drop in 26 years

British consumers’ propensity to make major purchases fell 11 points in July to -2 as purse strings continue to tighten post-Brexit. And the major purchase index is now 13 points lower than July 2015, according to GfK’s latest consumer confidence index.
The core consumer confidence index fell 11 points in July from -1 to -12 marking the sharpest monthly decline since March 1990. This decline marks a further 3 point drop from the -9 recorded by GfK’s Brexit Special Index ea