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We Shop When We’re Smiling: Why brands should feel ‘chipper’ about the UK’s rising optimism
After months of economic anxiety and cost-of-living pressures, UK consumers are finally feeling a little lighter – and the numbers back it up. Our latest results of our ongoing tracking shows optimism rising sharply in June, with 2 in 5 people (42%) scoring their outlook between 8–10 out of 10. Even more telling, the number of consumers giving a ‘perfect 10’ has doubled from May to June (from 8% to 15%).
And why does that matter? Because how we feel changes what we do. In particular – how, when and where we spend.
Reasons to Be Cheerful: UK economic confidence takes a big step forward
There’s good news on the UK economic front, and its news worth celebrating. Consumer sentiment has seen a significant uplift. The latest Maru monthly ‘Cost of Living’ survey of UK consumers shows an 11% increase in consumer economic confidence. We have been tracking sentiment around the cost-of-living since April 2021, and the recent results are the clearest sign yet that the national mood is shifting and that optimism is on the rise.