Consumers and the Economic Outlook: Quarterly Update - UK - May 2016
“Mintel’s consumer confidence data shows that the economy only has, at best, an indirect impact on sentiment. When the UK economy was outperforming most of its peers, many people were still pretty wary. However, in 2016 sentiment has continued to trend upwards, despite disappointing growth in the economy as a whole. April’s figures dipped slightly, but people are still more positive than there were for most of 2015. What’s really interesting is the potential impact of the EU Referendum. Looking back at Mintel’s data around the time of the Scottish Independence Referendum and, later, around the General Election, Mintel’s data suggests that the uncertainty associated with these events has the potential to undermine confidence, but that sentiment strongly rebounds when the uncertainty is resolved. A “remain” vote could well boost confidence, even if there is no underlying improvement in the consumer economy.” – Toby Clark, Director of Research, EMEA
This report discusses the following key topic:
Sentiment is still trending upwards…but there was an April wobble
Possibility of a post-referendum bounce?
Key economic indicators
“Mintel’s consumer confidence data shows that the economy only has, at best, an indirect impact on sentiment. When the UK economy was outperforming most of its peers, many people were still pretty wary. However, in 2016 sentiment has continued to trend upwards, despite disappointing growth in the economy as a whole. April’s figures dipped slightly, but people are still more positive than there were for most of 2015 ...
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.
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.
“Brexit will have far-reaching implications for the financial services industry. It is one area of life where consumers can already see some effects of the decision to leave the EU, with volatility in financial markets and the falling value of the pound. However, while consumers are likely to take a ...
Sentiment is still trending upwards…but there was an April wobble
