New Research Study Offers Analysis and Insights on Consumers and the Economic Outlook: Quarterly Update – UK – October 2017

Market Research HUB

Albany, US, 2017-Nov-24 — /EPR Network/ — Market Research Hub (MRH) has included a new report in its repository named Consumers and the Economic Outlook. The research report presents a detailed analysis and insights that are reinforced by various data on this subject. The report states that inflation has impacted customer income as it continues to decrease the average wage rise, which has a direct bearing on the spending nature of consumers. Over the past few months, consumers have been left feeling worse as compared to a year ago with respect to an improvement in their financial situation. However, overall consumer sentiment continues to remain strong despite the prevalent economic and political conditions. The report also focuses on the impact of the Brexit vote – while some people are quite positive about the big picture such as the economic growth of the UK, a certain class of people feel that it won’t have any impact on their career prospects or household income.

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UK Economic Outlook for 2017

The overall scenario states that the growth rate of the UK is projected to be relatively steady in the coming period. There are divided opinions regarding the uncertainties likely to emerge post Brexit. There has been a moderation in consumer spending in 2017 and this has directly impacted household spending capacity – the primary reasons for this being a high inflation rate and stagnant wage growth. According to the report, London is anticipated to remain the fastest region in the UK in terms of growth in the coming years. The other regions are projected to witness average growth.

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Key Report Inclusions

The report starts with a description of the current situation in the UK. The report further describes key findings such as the overall consumer sentiment, how consumers are forced to put a plug on their spending capacity, how consumer confidence has diminished, how a certain class of people are still holding up in the current economic and political situation, and how high value consumer groups are maintaining a positive attitude and enhancing their spending ability. Adequate definitions and information substantiated with relevant metrics will help readers acquire a good understanding of the consumers and economic outlook in the UK. Each section of the report is augmented with detailed figures and graphs that help the reader gain relevant insights in an easy to read format. Deep insights and information on key economic indicators are intended to present the reader with the necessary intelligence to make pertinent decisions based on an assimilation of data and facts presented in a systematic manner.

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