Consumers and the Economic Outlook: Quarterly Update - UK - February 2015
“People are finally starting to feel the benefit of the recovery in their pay packets. After five years, average wages are finally increasing more quickly than prices. Although this will take time to feed through into consumer confidence, there are signs that spending habits are changing.
People are making more use of credit, for example, showing that they’re confident enough to bring forward spending in the expectation of future pay rises. And Mintel’s research showed an increase in planned financial activity in January, particularly when it comes to big-ticket purchases such as holidays and home improvements.”
– Toby Clark, Director of Research, EMEA
This report looks at the following areas:
- An end to the income squeeze, but people are still wary
- Millennials are leading confidence upwards
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This market 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.
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Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
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