11/06/2026
Consumer spending ramps up after a dismal few months. This is the conclusion from Tony Alexanders survey of consumer confidence: "Back in early-April a net 38% of respondents said
that they planned cutting spending in the coming 3-6 months. This was about the same as the low-point towards the middle of 2024 before interest rates started falling, and was down from a nice +23% result at the start of February. The US attacks on Iran caused a substantial spike in pessimism here and around the world as we all wondered in fear how the unpredictable events
would affect us. Now, despite the war dragging on near three times as long as the protagonist said was planned people have adapted their behaviour and become less shocked. Now, just a net 7% of people plan cutting back their spending, as shown in the survey’s main graph just here. Net spending plans have improved for all the measures I ask about in the survey with the
biggest switch up for the past month being for domestic travel followed by eating out" If you would like the full report please feel free to message me for a copy.
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