Economy boosted with GDP but consumer confidence declines

GDP increased by 1.2% in the second quarter of this year – raising the level 1.7% more than the corresponding quarter last year.

However, the latest data from GfK NOP shows UK consumer confidence dropped by more than expected in September.

The GfK NOP index of sentiment fell to minus 20 after an improvement to minus 18 in August.

Data from the Office for National Statistics showed output from the production industries during the quarter remained unrevised at 1%. Within production, manufactu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...