Deloitte Consumer Tracker Q1 2025 Report

The document is a report detailing the findings of the Deloitte Consumer Tracker for the first quarter of 2025. It outlines key takeaways regarding UK consumer confidence, which has remained unchanged at -7.8%, indicating a stagnation in consumer sentiment for the second consecutive quarter. The report highlights that concerns about personal finances are prevalent, with only three out of six measures of confidence showing improvement. Additionally, confidence in the UK economy has dropped to its lowest level in over a year, reflecting consumer nervousness amid rising inflation. The report also discusses changes in consumer spending habits, noting a rise in day-to-day spending driven by inflation, while discretionary spending has declined. The outlook for consumer demand remains cautious, as economic stability is a significant factor influencing consumer confidence and spending patterns. Overall, the report provides a comprehensive analysis of the current state of consumer confidence in the UK.