· Economic optimism increasingly driven by household finances as house price expectations are tempered
· 20.5% think their household finances will improve over next 12 months, the highest level since September 2010
· Increased numbers of consumers expect to have more cash available for spending in the next year
· Consumer confidence at highest level since September 2007
New figures from YouGov/Cebr suggest the UK’s consumer confidence is undergoing a subtle rebalancing as people become more optimistic over their domestic finances. Over the past year a rapid rise in economic optimism has been largely driven by hopes for the property market. However, figures for February show economic optimism is finally starting to be driven by improving expectations of household finances.
YouGov/Cebr Consumer Confidence Index
The YouGov/Cebr Consumer Confidence Index increased by +0.5 points in February and now stands at 110.7 – its highest level since September 2007 – the month Northern Rock sought financial support from the Bank of England. This is the first substantial movement in the Index since October 2013 and it now stands +15.0 points up on its position this time last year.
For more information please visit YouGov’s website here