The consumer confidence index fell by 2.6 percentage points to 10.4% in Q2 2024, the lowest level since early 2024.
Deloitte noted that a minor 0.2-point dip last year was not statistically significant.
“High living costs and inflation have also hurt sentiment around personal debt.”
Recent official data showed unemployment climbing to 4.7% in May, the highest since 2021, while inflation rose to 3.6% in June.
Deloitte’s survey, conducted among 3,200 consumers between June 13 and 16, measures sentiment across job security, income, debt, and general wellbeing.
“The UK economy has slowed, but business confidence remains resilient amid global uncertainties,“ said Deloitte chief economist Ian Stewart. - Reuters
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