"According to BRC-Opinium data, consumer expectations over the next three months predicts the state of the economy improved to -38 in December, up from -44 in November. Their personal financial situation improved to -10 in December, up from -16 in November. Their personal spending on retail fell to +6 in December, down from +8 in November. Their personal spending overall rose to +17 in December, up from +14 in November. Their personal saving fell to -9 in December, down from -5 in November."
"With the Budget not as bad as feared for households, confidence saw a slight uptick in December. Yet the overall picture remains gloomy, with confidence in the economy stuck below -30 for eleven out of last twelve months. Expectations for retail spending continued to slide for the third consecutive month, proving challenges remain in the year ahead. Government needs to pull the levers of growth, tearing down red tape and bureaucracy to allow businesses to flourish and create more jobs."
BRC-Opinium measures show consumer expectations for the economy improved to -38 in December from -44 in November. Personal financial situation readings rose to -10 from -16. Retail spending intentions fell to +6 from +8, while overall personal spending intentions increased to +17 from +14. Personal saving declined to -9 from -5. Confidence in the economy stayed below -30 for most of the past year. Retail spending expectations have slipped for three consecutive months. Calls were made for government action to reduce red tape and consider the cumulative impact of policy on businesses and jobs.
Read at London Business News | Londonlovesbusiness.com
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