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ARTICLE · 24 APRIL 2015

Consumer Confidence Gathers Pace Across Yorkshire And Humber

Deloitte
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Consumer confidence around household disposable income was at its highest in over three years in Q1 2015, according to our latest Consumer Tracker.

United KingdomStrategy
Andrew Coticelli
Andrew Coticelli
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Consumer confidence around household disposable income was at its highest in over three years in Q1 2015, according to our latest Consumer Tracker. This measure of confidence was 20 points higher than a year ago in Yorkshire & Humber and it is 26 points higher than when the survey began (-12 in Q1 2015 vs -32 in Q1 2014 and -38 in Q3 2011).

However, the General Election has been revealed as consumers' biggest concern, with 47% of consumers in Yorkshire & Humber saying they were worried it could affect their financial situation.  

With the recent return to real wages growth and further falls in unemployment, consumer finances are starting to normalise. This points to an acceleration in consumer activity and suggests 2015 may well be the best year for consumer spending since 2005. 

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