Cautionary optimism remains – B&A Consumer Confidence
Cautionary optimism remains as consumer confidence plateaus
Overall consumer confidence in the country’s economic standing has plateaued during 2018, despite the macro economy continuing to improve. This plateauing in consumer confidence is reflected by a balancing out across personal asset value and attitudes towards future savings. Attitudes towards personal finances (income) has improved however, as 1 in 4 expect to see an increase in their income over the coming year. Despite an expected rise in income there has been no knock on effect on consumer spending, indicating that consumer caution is still apparent.
Read more of our latest Consumer Confidence report here.