Jefferies

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UK Retail Survey: Consumers Still Hoping for the Best

— Caroline Gulliver, Equity Research Analyst, UK & European Retail

In this quarterly report, Jefferies shares the macro-economic results of the latest survey of 3,000 UK consumers. Findings suggest consumer confidence has marginally improved as young and wealthier consumers who voted to remain in the EU have become less bearish and job security remains very high. However, Jefferies still sees risks to consumer confidence from rising inflation, increasing automation diminishing high levels of job security, and an abnormally low savings rate.
FULL REPORT