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UK Consumer Confidence Plummets Amid US-Israel War Concerns

3/28/2026

38 6 Full Breakdown

Summary

Story summary

The UK consumer confidence dropped to -21 in March 2026, down from -19 in February 2026.
The decline is linked to rising concerns over the US-Israel war with Iran, boosting energy prices.
The GfK Consumer Confidence Index shows a six-point drop in expectations for the economy over the next year, now -37.
Retail sales fell 0.4% in February 2026 as shoppers cut major purchases and saved.

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Story summary

The UK consumer confidence dropped to -21 in March 2026, down from -19 in February 2026.
The decline is linked to rising concerns over the US-Israel war with Iran, boosting energy prices.
The GfK Consumer Confidence Index shows a six-point drop in expectations for the economy over the next year, now -37.
Retail sales fell 0.4% in February 2026 as shoppers cut major purchases and saved.