LONDON (AP) -- Consumer confidence in the United Kingdom remained low in March, according to a survey published Wednesday.
The Nationwide Building Society said its consumer confidence index fell two points to 41 in March.
The survey found that 66 percent believed there were few jobs available, and 65 percent didn't expect more jobs to be available in six months. Some 83 percent believed the economic situation was bad in March, compared to 86 percent who felt that way in February; 58 percent believed the economy won't be any worse in six months.
"Overall consumer confidence has remained broadly stable since the start of the year, but feelings about the current labor market have weakened," said Fionnuala Earley, Nationwide's chief economist.
"Even though retail sales are now weaker, spending sentiment has remained stable. This stability isn't surprising given further reductions on the high street and lower mortgage costs for some," she added.
The index is based on a survey conducted by TNS, which questioned 1,000 people between Feb. 16 and March 22. The survey had a margin of error of plus or minus 3 percentage points.