Consumers upbeat on job hopes

Tim Wallace
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THE ECONOMIC recovery is at last set to get underway, with consumer confidence on the way up, according to a survey published today.

Nearly all measures of confidence rose in YouGov’s study, pushing its Heat index to a 18-month high of 98.6 in March, up 11 points on December’s figure and almost at levels seen two years ago.

The survey found respondents felt more secure in their jobs than ever before in the study’s three year history, while the business activity index is almost at a record high and the home value measure is at its highest level since July 2010.

Respondents expect the improvement to keep on coming, with anticipated business activity in their workplace rising to a record high, and future expectations of job security also improving.

Survey data from beyond this study also rose, with gains in cash available to spend, the environment for major purchases becoming healthier and confidence in the government’s handling of the economy also growing.

Homeowners and those in work are feeling particularly confident, the data shows, with expectations high that prospects of success and growing wealth are improving.

The study suggests an economic recovery is at last on the cards, after signs of growth last year were snuffed out by the Eurozone crisis.