Consumer confidence is at its highest level for three years, according to the latest Deloitte Consumer Tracker. Overall confidence is three percentage points higher than a year ago and 13 points higher than when the Tracker began in Q3 2011.
Commenting on today’s ONS retail sales figures, Ian Geddes, UK head of retail at Deloitte, said Today’s strong year-on-year sales figures reflect the trend of rising consumer confidence, as indicated in the Deloitte Consumer Tracker.
Today’s strong figures were boosted by Easter falling late and the further loosening of consumers’ purse strings, with people continuing to spend more in non-food sectors. There was also a strong bounce back in the food sector.