Consumer confidence in Britain unexpectedly declined in April as inflation kept running above the Bank of England's (BoE) target, increasing households' concern about their person finances, said GfK, a London-based research group.
A sentiment index by GfK fell one point to minus 27, versus minus 26 the month before. A gauge of how consumers see their finances over the next year fell to minus 7 from minus 6, according to a survey report released by GfK, reported Xinhua.
Nick Moon, managing director of social research at GfK, said: "A move up would suggest that the index had indeed 'paused for breath' after its rise at the end of 2012 and was still heading in the right direction."
The decline "implies the recovery in confidence has stalled, and real recovery looks a long way away", said Moon.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
