UK consumer confidence hits two-year high as disposable income rises

Deloitte Consumer Tracker

Cristian Angeloni
clock • 2 min read

UK consumer confidence has increased for a sixth consecutive quarter to its highest rate since the third quarter of 2021.

According to the Deloitte Consumer Tracker, the 0.5 percentage point increase, although marginal, has been led by positive sentiment towards household disposable income – up 18.2 pp on the first quarter of 2023. As a result, consumer confidence has risen 6.5pp year-on-year which, alongside a 5.2pp increase in confidence towards debt levels, has created a much more positive picture for consumers' personal finances, the study concluded. Deloitte said "young people appear to be feeling more confident about disposable income especially", with the biggest quarterly improvement recorded for...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week