Consumer confidence collapses as Iran war provokes inflation fears

cityam

Mar 26

Sentiment on the economy and personal finance has reached record lows Brits’ confidence in the state of the economy has plummeted since the outbreak of war in Iran, as shoppers tighten their purse ...

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on the economy and personal finance has reached record lows Brits’ confidence in the state of the economy has plummeted since the outbreak of war in Iran, as shoppers tighten their purse ...</p>\n\n<a href=\"https://www.cityam.com/consumer-confidence-collapses-as-iran-war-provokes-inflation-fears/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Consumer confidence collapses as Iran war provokes inflation fears</title>\n<style 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shoppers tighten their purse ...</p>\n\n<a href=\"https://www.cityam.com/consumer-confidence-collapses-as-iran-war-provokes-inflation-fears/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4087","symbol_name":"商业印刷","start_time":0,"source_url":"https://www.cityam.com/consumer-confidence-collapses-as-iran-war-provokes-inflation-fears/","article_id":"2622851208","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/11/0204-UK-SHOPPERS-2.jpeg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/consumer-confidence-collapses-as-iran-war-provokes-inflation-fears/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2622851208","pubTimestamp":1774483200,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Sentiment on the economy and personal finance has reached record lows Brits’ confidence in the state of the economy has plummeted since the outbreak of war in Iran, as shoppers tighten their purse strings amid fears of sharp price rises.Consumer sentiment over the UK’s economy has fallen to its lowest level on record, down from -30 per cent to -53 per cent, according to trade body British Retail Consortium .Retailers and food manufacturers are bracing for the Iran war to push up their energy costs, with bosses calling for government intervention to help them avoid having to put up prices.In March, 64 per cent of Brits said they expect the economy to get worse over the next three months, while 21 per cent were neutral and only 11 per cent thought it would improve.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4087":"商业印刷","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","BRC":"布雷迪"},"translate_title":"伊朗战争引发通胀担忧，消费者信心崩溃","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRC":1},"content_text":"Sentiment on the economy and personal finance has reached record lows Brits’ confidence in the state of the economy has plummeted since the outbreak of war in Iran, as shoppers tighten their purse strings amid fears of sharp price rises.Consumer sentiment over the UK’s economy has fallen to its lowest level on record, down from -30 per cent to -53 per cent, according to trade body British Retail Consortium (BRC).Retailers and food manufacturers are bracing for the Iran war to push up their energy costs, with bosses calling for government intervention to help them avoid having to put up prices.In March, 64 per cent of Brits said they expect the economy to get worse over the next three months, while 21 per cent were neutral and only 11 per cent thought it would improve.\n\nThis leaves the BRC’s consumer sentiment rating for the economy at -53 per cent, marking the lowest level and biggest drop this year so far.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nConsumers’ assessment of their own personal finances has fallen to its most pessimistic point this year too, with 34 per cent saying they expect their cashflow to worsen while only 18 per cent think their wallets will be fuller in three months’ time.Brits’ spending intentions reveal they are preparing to shell out more for the bare necessities as fears over inflation grow, while they plan to cut back on the non-essentials.A net 29 per cent of people said they expect to spend more money on food and groceries in the next three months.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}