Consumers and The Economic Outlook - Quarterly Update - UK - July 2014
“Although people are still more confident than they were in 2013, Mintel’s data suggests that they’re not entirely convinced by the economic revival. Across all three key measures (current situation, impact of the slowdown and how they expect their finances to fare over the next year), sentiment was slightly more negative in June 2014 than we’d seen earlier in the year. Although the gap has narrowed dramatically, wages are still failing to keep pace with the cost of living. In particular, our research shows that those in the middle age groups are still finding it hard to make ends meet. Until the income squeeze eases significantly, people will remain wary.” - Toby Clark, Director of Research, EMEA This report looks at the following issues:
A pause for breath in the revival of consumer confidence
The middle age groups are still the most concerned about their finances
Key economic indicators
“Although people are still more confident than they were in 2013, Mintel’s data suggests that they’re not entirely convinced by the economic revival. Across all three key measures (current situation, impact of the slowdown and how they expect their finances to fare over the next year), sentiment was slightly more negative in June 2014 than we’d seen earlier in the year. Although the gap has narrowed dramatically ...
This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel conducts exclusive and original consumer research for reports, bringing up-to-date and unique insight to topical issues. This research examines the impact of social, economic, cultural and psychological influences on consumers.
Toby has worked at Mintel for 14 years and leads the large team of researchers who produce over 500 business reports per year on UK and European market sectors. He also oversees Mintel's quarterly reports covering consumer confidence and the state of the economy. Prior to this, Toby was Head of UK Financial Services research at Mintel.
“The car finance market has grown strongly over the first half of 2014, despite ongoing consumer reservations about taking on too much credit. The strong performance shows that although people are increasingly prepared to make big-ticket purchases, they are reluctant to put these purchases on credit unless they can convince ...
A pause for breath in the revival of consumer confidence
