Home / Knowledge / News / Apparel/Garments / UK consumer confidence rises between May & July – Tesco
UK consumer confidence rises between May & July – Tesco
26
Aug '13
UK consumer confidence rose in the three months to the end of July, driven by positive signals about the UK economy.

This coincided with a prolonged period of hot weather and British sporting success which is likely to have affected people’s mood. However concerns about personal finances and job security remain widespread.

These are the key findings of the third edition of The Consumer Today, the quarterly report from dunnhumby and Tesco, using their unique insights to provide a detailed picture of how British consumers feel about the economy in general, as well as their own personal situation.

Covering the three months to the end of July, the report finds that overall consumer confidence has reached its highest ever point since the survey began in July 2010.

Much of the improvement has been driven by more optimistic attitudes towards the country’s economy, with positive economic news leading to a marked drop in the number of people who feel the economy has declined in the recent past, and an increase in those believing it will improve in the future.

The good weather and British sporting success is also likely to have helped consumers to feel more positive about their present situation, contributing to the rise in overall confidence.

However, the report also signals a note of caution. Despite positive recent signals, a greater proportion of the population still believe that the economic outlook is gloomy rather than hopeful.  Concerns about personal finances and job security remain widespread, and are particularly acute amongst lower income households.

Simon Hay, CEO of dunnhumby, said, “This is the third of our quarterly reports measuring consumer sentiment and overall confidence is continuing on an upward trend since the last quarter. Encouraging economic signs have boosted the positive mood, but this has not translated to people’s personal financial situations, where there is still much uncertainty.”

Philip Clarke, CEO of Tesco, said, “It’s been a great British summer of sun and sporting success and it’s encouraging to see that consumers are feeling more positive about the economy.

"However, the underlying picture is complex and it’s not yet clear if the recent improvements in consumer confidence are thanks to these short-term factors, or part of a more significant shift. What we do know is that consumers are continuing to look for great value and I don’t see that changing.”

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search