Consumers and the Economic Outlook: Quarterly Update - UK - October 2017
“Consumers’ spending power is being hit by the squeeze on incomes as inflation continues to outpace average wage rises. In four of the last five months, people have been more likely to feel worse off compared to a year ago than to say that their finances have improved. This is the first time this has happened since the start of 2015.
However, the majority of people still feel OK, and expect to get by in the year to come. Most importantly for retailers, consumers’ appetite to spend is higher than at any point since we started to track planned spending in June 2012. While there are legitimate concerns about the role of consumer credit in this spending, this attitude offers plenty of sales opportunities for British businesses.
Reflecting this willingness to spend, Mintel has predicted that Christmas sales will be between 1-2% up on 2016, which would be a solid performance, particularly given the broader economic uncertainty faced by the UK.”
– Rich Shepherd, Senior Financial Services Research Analyst
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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.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
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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