Shopper Sentiment Survey January 2020
Published January 2020
Optimism amongst consumers grew in January with consumer sentiment about the economy and personal finances improving for the second consecutive quarter. However, despite consumer’s concerns over Brexit waning (their largest concern), we remain cautious about the outlook for non-essential spending in 2020. Weaker economic growth, a slowing labour market and potential Brexit disruption are likely to weigh on consumer’s propensity to spend. Indeed, 45% of consumers indicated that they intend to spend less in the coming quarter, rising from October.