Lloyds Bank

Consumer sentiment boosted by positive economic factors in July

23 August 2013

  • The Lloyds TSB Consumer Sentiment Index reached a new high of 114 points in July.
  • Confidence in the UK's economic situation continues to improve month on month, but optimism about the housing market was a key driver, hitting the highest levels to date.
  • At the same time concerns over employment fell, alongside a continued easing of fears over increases in utility and petrol prices.
  • Spending on gas and electricity bills continues to grow rapidly, and while food and drink spending accelerated in July, this is likely to be due to greater discretionary spending.
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