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Consumer confidence took a knock in February as stock market turbulence prompted fears the economy could take a hit.


GfK, the market research consultancy that measures consumer sentiment, said its main Consumer Confidence Index fell four points to zero over the past month.


That was largely driven by wider economic fears, with its measure for the General Economic Situation decreasing seven points from January to -10 in February, seven points lower than the index score in February 2015.


The Major Purchase Index — which asks how likely consumers are to spend big on items such as furniture and cars — decreased four points this month to +12; eight points higher than this time last year.


The index measuring changes in personal finances during the last 12 months increased by one point this month to +5, eight points higher than February 2015.


Joe Staton, Head of Market Dynamics at GfK, said: “While faith in our own personal financial situation continues to remain strong for the year ahead, we are clearly worried about the general economic situation for the country.”


He added: “Despite the positive impact of continued low interest rates and subdued inflation on our day-to-day household budgets, the feeble outlook for growth and a variety of economic uncertainties since the start of the year has depressed our New Year optimism.”