Consumer confidence ‘extremely depressed’, survey shows 🔒
Consumer sentiment showed a slight recovery in the third quarter, after plunging to its lowest level in more than three decades in the second quarter of 2022. Confidence had tumbled due to elevated inflation, rising interest rates and escalating unemployment.
The slight recovery in confidence follows the scrapping of all remaining Covid-19 regulations and the use of the last remaining savings accumulated over the last two years to buffer household expenditure by affluent consumers...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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