Published on : Aug 18, 2017
Albany, New York, August 18, 2017: Considering the economic scenario in the U.K., the consumer sentiment in the region is quite unstable with regard to the post-election evaluation. To study further, a new study has been added to the vast database of Market Research Hub (MRH) titled “UK Consumers and the Economic Outlook: Quarterly Update - July 2017”. The report talks about the key economic indicators as well as Brexit-related concerns which have intensified in the U.K.
The initial section of the report starts with the key findings which includes consumer sentiment and attitudes towards Brexit. Under this, the prices still remain a concern for the consumers. Further, the readers can access details about consumer views on the impact of the EU Referendum on the U.K. economy, June 2017. Later, the section also reveals information related to the strong regional differences as well as financial disparities among the consumer population.
Further, it has been analyzed that, the impact on the cost of living is still by far the biggest worry, however Brexit-related concerns about the housing market, the economy and household incomes have surely surged over the last few months. The following section of the report discusses the current financial situation which comprises data about the past three months of falling sentiment. But, it has been analyzed that the people in the U.K. are still more positive as compared to the statistics recorded in pre-2016. Furthermore, the financial wellbeing index, February 2009-June 2017 figurative detail is offered to enlighten the reader in a proper manner. It has been mentioned that, consumers belonging to the old-age category are regarded as the most comfortable section.
The next section of this intelligent report discusses the changes in financial wellbeing of the U.K. consumers. It has been highlighted that, the income squeeze is quite prominent, with the household finances drifting since the referendum. The report also offers a figurative data which presents the Changes in household finances during July 2011-June 2017. Moving ahead, the research study talks about the financial confidence, which is an important facet to determine the consumer behaviour in the U.K. As per key research findings, a dip in confidence is spotted among the U.K. consumer population, but most of them anticipate things to grow better. As the report concludes, a stern focus on the spending plans has been offered to inform the readers. It is analyzed that, shifts in spending plans are partly seasonal. Moreover, financial confidence is shaping spending intention and is prominently reflected in Millennials’ spending plans.
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