Consumer confidence held steady in March despite growing uncertainty and confusion about a political solution to the Britain’s exit from the European Union and what impact that may have on the economy and consumers.
According to GfK’s Consumer Confidence Index, overall confidence stayed at the same level in March compared with the previous month at -13. And people’s perceptions of their personal financial situation over the past 12 months has held steady at a score of zero, although this is down from +3 a year ago.
People are slightly more optimistic about their personal finances over the next 12 months, with the forecast increasing by one point to +2 compared to February, although this is eight points lower than in March 2018.
It is a similar situation for the…