Consumers and the Economic Outlook: Quarterly Update - UK - September 2016
“For the UK, the EU referendum is one of the defining moments of the 21st Century so far, with long-term implications that will rival events as seismic as the financial crisis. The truth is, though, that this early in the process there has been little direct impact on most people’s financial situation. This comes through strongly in Mintel’s consumer confidence data. There was a post-vote dip in sentiment, but by late August most of the losses had been recovered. Spending plans have held up well, even in vulnerable areas, such as big-ticket purchases and spending on the home. Brexit will inevitably have an impact on consumer behaviour – but it’s likely to be 2017 until even the early effects start to feed through into spending.” – Toby Clark, Director of Research, EMEA
This report discusses the following key topics:
Consumer sentiment
The economic environment
Key economic indicators
“For the UK, the EU referendum is one of the defining moments of the 21st Century so far, with long-term implications that will rival events as seismic as the financial crisis. The truth is, though, that this early in the process there has been little direct impact on most people’s financial situation. This comes through strongly in Mintel’s consumer confidence data. There was a post-vote dip in sentiment ...
This 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 conducts exclusive and original consumer research for reports, bringing up-to-date and unique insight to topical issues. This research examines the impact of social, economic, cultural and psychological influences on consumers.
Consumers’ Response to the EU Referendum Result
Current Financial Situation
Changes in Financial Wellbeing
Financial Confidence
Spending Plans
What Does the Brexit Vote Mean for Key Consumer Markets?
Toby has worked at Mintel for 14 years and leads the large team of researchers who produce over 500 business reports per year on UK and European market sectors. He also oversees Mintel's quarterly reports covering consumer confidence and the state of the economy. Prior to this, Toby was Head of UK Financial Services research at Mintel.
"2016 is almost over. It's been a year of major political upsets which set the scene for an uncertain 2017. But consumers have seemed unphased by the turmoil and spending has increased."
The economy might slow – but it won’t be because consumers have stopped spending
25th November 2016
"Phillip Hammond’s Autumn Statement made for gloomy reading, as did the Office of Budget Responsibility’s economic forecast. Economic growth is expected to slow in 2017, and inflation will inevitably start to take off. But for the moment, at least, shoppers are ignoring the gathering storm. Confidence is holding up well ...
Consumer sentiment
