Data: Consumers plan spending cuts on almost all categories bar grocery

Man holding shopping basket with bread and milk groceries in supermarket

Source: Getty Images/E+/coldsnowstorm

Falling consumer sentiment suggests consumers will focus their spending on supermarket shops over the next 12 months.

The latest PwC Consumer Sentiment Index shows that sentiment has dropped to -8, its lowest level since autumn 2023. Seven out of 10 consumers also say they are planning to reduce their spending over the next 12 months.

 

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