UK consumer confidence declines in July, GfK says

UK consumer confidence declined in July, driven by anxiety over the potential Grexit meltdown and concerns about the general economic situation, according to a market survey published on Friday.

The closely watched GfK monthly sentiment index fell to +4 in July after jumping to +7 last month; the highest since January 2000.

“Consumers are feeling less secure about wider economic prospects for the country as a whole this month," Joe Staton, an executive at GfK said.

The measure for the general economic situation of the country during the last 12 months also decreased five points this month to -1, six points higher than July 2014, but at the lowest level since January.

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