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Consumers and The Economic Outlook - Quarterly Update - UK - July 2014

KEY FINDINGS
A pause for breath in the revival of consumer confidence
The middle age groups are still the most concerned about their finances
Key economic indicators
Figure 1: Key economic indicators, July 2014
CURRENT FINANCIAL SITUATION
Consumer sentiment averages a new high
Figure 2: “How would you generally describe your financial situation at the moment?”, June 2014
A positive outlook for those on the property ladder
Figure 3: Financial health index, 2009-14
The squeezed middle (aged)
Figure 4: “How would you generally describe your financial situation at the moment?”, by age, June 2014
IMPACT OF THE SLOWDOWN
The impact of the slowdown slows down
Figure 5: “How much impact has the slowdown had on your own financial situation?”, June 2014
Figure 6: Slowdown impact index, 2009-14
Young and old alike remain most positive
Figure 7: “How much impact has the slowdown had on your own financial situation?”, by age, June 2014
FINANCIAL CONFIDENCE
A brighter future is on the horizon
Figure 8: “And how do you feel about your financial situation over the next year or so?”, June 2014
Figure 9: Financial confidence index, 2009-14
The impact of age on financial confidence
Figure 10: “And how do you feel about your financial situation over the next year or so?”, by age, June 2014
SPENDING PLANS
Previous and planned spending on the decline
Figure 11: “Thinking about how you spend your money, which of the following have you done over the last three months? And which do you plan to do over the next three months?”, June 2014
Figure 12: Spending index, 2012-2014
The age factor
Figure 13: Spending index, by age, June 2014
WHAT IT MEANS
House prices continue to shape consumer confidence…
…but the income squeeze will continue to hold back confidence

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