March 28, 2019 / 10:23 AM / 7 months ago

UK consumer sentiment falls to five-year low - EU survey

A shopper pushes a trolley in a supermarket in London, Britain April 11, 2017. British retail sales shrank at the fastest rate in nearly seven years during the past three months, despite a pickup in February, adding to signs that a major driver of Britain's economy is faltering after last year's Brexit vote. REUTERS/Neil Hall

BRUSSELS (Reuters) - Consumer sentiment in Britain fell to its lowest point in more than five years in March, the month the country was due to leave the European Union, a European Commission survey of EU business and consumer confidence showed on Thursday.

The index for consumer sentiment in Britain dropped to -11.7 points in March from -10.8 in February and -11.3 in January. The reading was the lowest since November 2013.

UK households’ views of their financial situation and the state of the economy in the past and in the future worsened, with a reduction of major purchases seen over the past year and planned over the next 12 months.

Reporting by Philip Blenkinsop

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