RE: Desperate Rachel23 Jan 2025 06:48
Consumer confidence falls yet again to new all time low;
According to BRC-Opinium data, consumer expectations over the next three months of their personal financial situation dropped to minus 4 in January, down from minus 3 in December.
Consumer's expectations of the state of the economy worsened to minus 34 in January, down from minus 27 in December and personal spending on retail fell to minus 9 in January, down from minus 3 in December.
Personal spending expectations overall dropped to plus 4 in January, down from plus 11 in December but personal saving improved to minus 3 in January, up from minus 5 in December.
Helen Dickinson, chief executive of the British Retail Consortium, said: "As the government warns of tough times ahead, it is little surprise that the public have caught the January blues. Consumer confidence in the economy fell to a new low, with concerns most pronounced among older generations.