US EditionConsumer expectations for economy plunge to ‘new low’
- Consumer expectations for the economy have dropped to a new low of minus 34, down from minus 27 in December, according to the British Retail Consortium Consumer Sentiment Monitor.
- Two-Thirds of those aged between 60 and 78 expect the economy to worsen, while Generation Z is the only group expecting improvement, the poll found.
- Consumer confidence in personal finances also fell one point to minus four, with older generations being the most pessimistic.
- Retailers are facing £7 billion in additional costs from the Budget and new packaging levy, leading to warnings of price rises and job cuts in the coming months, said Helen Dickinson, British Retail Consortium.
15 Articles
15 Articles
Consumer assumptions for financial scenario dive to ‘new low’ in the course of work cuts
Consumer assumptions for the financial scenario have really dived because the government offers with ongoing stress over public funds. It comes as companies report work cuts and decreased gross sales. Sainsbury’s claimed on Thursday it might definitely scale back 3,000 duties whereas clothes chain Primark reported that its gross sales succumbed to the very first time contemplating that the pandemic. Expectations for the state of the financial sc…
Consumers expectation sees January dip – RetailWit
According to BRC-Opinium data, consumer expectations over the next three months of their personal financial situation dropped to -4 in January, down from -3 in December. Expectations for the state of the economy worsened to -34 in January, down from -27, personal spending on retail… This story continues at Consumers expectation sees January dip Or just read more coverage at Talking Retail
Consumers feeling the January blues, says BRC - Big Furniture Group
Consumer expectations for spending within the furniture sector are forecast to fall by 15% over the next three months, says new data from the British Retail Consortium (BRC). According to BRC-Opinium data, consumer expectations over the next three months of their Personal financial situation dropped to -4 in January, down from -3 in December. Expectations of the State of the economy worsened to -34 in January, down from -27 in December, Personal…
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