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The Deloitte Consumer Tracker: Q1 2015 – A Spring in their step?

Higher disposable income drives confidence up

The level of confidence about household income is at its highest in over three years and is getting closer to positive territory. Supported by a recovery in spending power and further falls in unemployment, consumers’ finances are starting to normalise. Such an improvement points to an acceleration in consumer activity and suggests that 2015 may well be the best year for consumer expenditure since 2005.

An improvement in disposable income has been the main driver of the recovery in our consumer confidence index. In Q1 2015 consumers’ confidence in their household level of disposable income rose by seven points compared to a year ago and is now 30 points higher than when the survey began in Q3 2011.

 

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