UK Economic Indicators

In this latest report, the UK Economic Indicator, our Performance Improvement team provides an overview of the macroeconomy and insight into consumer trends and activity. Q1 data indicates a number of persistent headwinds that make for a stable performance pattern but a challenging landscape for short-term growth.

• Consumer confidence continues to rebuild slowly but still shows a negative outlook in relation to the economy and major purchases. Consumer credit continues to climb, increasing by 14% from the beginning of the year to March 2024.
• Retail sales have been relatively flat in recent months but were propped up by inflation as the volume index continues to show a small negative trend since the post-Covid period.