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PwC UK Summer 2023 Consumer Sentiment Survey Shows Surprising Return to Near 'Normal'

Article - PwC UK Summer 2023 Consumer Sentiment Survey Shows Surprising Return to Near Normal - The highest consumer sentiment we’ve seen in 18 months strongly suggests we’re nearly back to normal. There’s improvement across all demographics, with the variance between age groups closing and less affluent socioeconomic groups catching up. Finances have stabilised, and some groups even have disposable income to spend. While inflation remains the biggest factor affecting finances, fewer people are cutting back and spending intentions have consistently improved since June 2022. We explore what these findings look like for consumer businesses. ....

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