Consumer sentiment boosted by positive economic factors in July
23 August 2013
Read full press release
- 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.