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Consumer financial confidence improves

Consumer financial confidence improves

Category: Money

Updated: 07/05/2013
First Published: 03/05/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

A study has revealed financial positivity among consumers is on the increase, with confidence reaching levels last seen in June 2010.

The monthly Household Economic Activity Tracker (HEAT) Index conducted by YouGov revealed more people were positive than negative about their financial situations, with 14% of respondents with yearly incomes of £50,000 and over claiming their circumstances had changed for the better during April.

Levels of optimism were lower amongst people on lower incomes however, with just 9% of households reporting an improvement in their personal finances last month.

Stephen Harmston of YouGov, said the results were encouraging, particularly as the UK narrowly avoided falling into a triple-dip recession last month.

"The increasing optimism among high earners is a particularly positive sign for the economy and builds on the upward trends we have seen in our figures since the start of the year," he said.

"Consumers are approaching the summer months with a confidence not seen for the last few years."


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