UK US Consumer Confidence Falls to 2025 Low Amid Economic Concerns

Consumer confidence in both the UK and U.S. economies has declined significantly in recent months, reflecting growing pessimism about inflation, job markets, and overall economic conditions. In the UK, KPMG's survey revealed that 62% of consumers believe the economy is worsening, leading many to cut back on everyday spending due to rising grocery and utility costs. Similarly, in the U.S., the Conference Board reported a drop in its consumer confidence index to 94.2, the lowest since April, with increased concerns about job availability and a potential recession. Business confidence also fell in the East and West Midlands of the UK, although firms remain focused on growth areas such as workforce training, technology adoption, and new product development. These trends highlight persistent economic challenges influencing consumer and business behavior, underscoring the need for government and economic leaders to address these concerns to restore optimism.