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Investing.com -- U.K. consumer confidence fell in July as the country grapples with weak economic growth and persistent inflation, according to data released Friday.
The consumer confidence index, compiled by research group GfK with the Nuremberg Institute for Market Decisions, declined to minus 19 in July from minus 18 in June, reversing the slight improvement seen last month.
"The data suggests that some people may be sensing stormy conditions ahead," said GfK’s Neil Bellamy.
The survey revealed a darkening mood regarding the economic outlook amid global uncertainty, ongoing trade disputes, and domestic economic challenges.
Bellamy noted that "speculation [is also] growing over possible tax rises in the Autumn Budget," adding to consumer concerns.
The decline in consumer sentiment comes at a challenging time for the U.K. economy, which continues to face the dual pressures of sluggish growth and elevated inflation rates.