In the News
Recession Watch - UK Consumer Confidence Collapses
There has been a sharp fall in consumer confidence which is now lower than it was in the early stages of the Global Financial Crisis in 2007-08.
Consumer confidence data is seen as a reliable lead indicator of turning points in economic cycles.
A reading of -30 or worse has presaged a recession in four out of the last five occasions when the economy fell into a downturn.
Confidence is now lower than it was ahead of the recession caused by the global financial crisis in early 2008.