Consumer confidence on the rise after lifting of Covid restrictions
New research by Red C has found that for the first time since June 2018, more people now expect the economy to improve than believe it will fare worse
Consumer confidence rebounded to its highest level in almost four years after the government lifted almost all public health restrictions last month, new data from Red C Research reveals.
The firm’s latest consumer mood monitor shows that more people now expect the economy to improve than believe it will fare worse, which is the first time this has happened since June 2018.
“There is clearly a major sense of relief among people, which is similar to what we saw last summer when the vaccine rollout really gained momentum,” Geoff Tucker, associate director of Red C research, told the Business Post.