August 28th, 2009

More likely to spend?

Retail Week reports that UK Families are, on average, £9 a week better off in July this year than they were at the same time last year.

The Asda monthly income tracker identified this promising sign, and commented that it was a “positive trend” and that “a small movement in discretionary spend” could “make a big difference to household budget[s]“.

They pointed out that, of course, consumer spending is driven largely by confidence but here at greenshootsblog.com, we think that this has got to be another good sign.