UK con­sumer con­fi­dence drops to 4-month low

The Pak Banker - - International3 -

LONDON: U.K. con­sumer con­fi­dence un­ex­pect­edly dropped to a four-month low in Novem­ber as loom­ing public­spend­ing cuts dented Bri­tons' out­look for 2011, a re­port by GfK NOP Ltd. showed. The in­dex of sen­ti­ment de­clined 2 points to mi­nus 21, the re­search group said in an e-mailed state­ment in London to­day. Econ­o­mists pre­dicted no change from mi­nus 19 in Oct, ac­cord­ing to the me­dian of 13 fore­casts in a Bloomberg News sur­vey. -Ap

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