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Consumers and the Economic Outlook UK Market 2014: Global Industry Size, Share, Growth , Research Analysis and Opportunities

Researchmoz added a latest research report on"Consumers and The Economic Outlook - Quarterly Update - UK - July 2014 "in their database

 

Albany, NY -- (ReleaseWire) -- 07/22/2014 -- 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.

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Table of Content

Key Findings

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

Figure 1: Key economic indicators, July 2014

Current Financial Situation

Consumer sentiment averages a new high

Figure 2: “How would you generally describe your financial situation at the moment?”, June 2014
A positive outlook for those on the property ladder

Figure 3: Financial health index, 2009-14
The squeezed middle (aged)

Figure 4: “How would you generally describe your financial situation at the moment?”, by age, June 2014

Impact of the Slowdown

The impact of the slowdown slows down

Figure 5: “How much impact has the slowdown had on your own financial situation?”, June 2014

Figure 6: Slowdown impact index, 2009-14
Young and old alike remain most positive

Figure 7: “How much impact has the slowdown had on your own financial situation?”, by age, June 2014

Financial Confidence

A brighter future is on the horizon

Figure 8: “And how do you feel about your financial situation over the next year or so?”, June 2014

Figure 9: Financial confidence index, 2009-14
The impact of age on financial confidence

Figure 10: “And how do you feel about your financial situation over the next year or so?”, by age, June 2014

Spending Plans

Previous and planned spending on the decline

Figure 11: “Thinking about how you spend your money, which of the following have you done over the last three months? And which do you plan to do over the next three months?”, June 2014

Figure 12: Spending index, 2012-2014
The age factor

Figure 13: Spending index, by age, June 2014

What it Means

House prices continue to shape consumer confidence…
but the income squeeze will continue to hold back confidence

List of Tables

List of Figures

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