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British consumer sentiment at 10-month low - EU Commission
June 29, 2017 / 9:03 AM / 5 months ago

British consumer sentiment at 10-month low - EU Commission

BRUSSELS (Reuters) - British consumer sentiment fell to its lowest level in 10 months in June, according to a European Commission survey released on Thursday, although overall sentiment including businesses recovered from a decline in May.

Shoppers walk past a sale sign in central London, Britain June 27, 2017. REUTERS/Toby Melville

Consumer sentiment was likely impacted by rising inflation due to the decline of the pound after Britain‘s’ vote a year ago to leave the European Union.

The European Commission, whose survey covers all 28 EU countries, said consumer sentiment fell to -7.4 points from -6.1 in May. Retail sentiment turned negative and to its lowest level since July. Services also registered a drop.

However, overall sentiment rose to 109.3 from 108.2 points because the mood in industry and construction improved.

Reporting by Philip Blenkinsop

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