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A second straight month of consumer confidence decline for major purchases in June
Consumer confidence slipped in June with the measure taking in big-ticket furniture spend intentions falling for a second straight month.

 

Research consultancy GfK said its Major Purchase Index, which asks consumers if now is the right time to buy expensive items such as furniture, white goods or cars, fell one point to zero between May and June.


"Shoppers are holding on to their cash and consumers in general seem set on their path of self-imposed austerity," said Joe Staton, client strategy director at GfK.


GfK’s overall Consumer Confidence Index drifted two points month-to-month to a score of -9.

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