Global Business Environment: Consumer Confidence Data and Investment Opportunities

Global Business Environment.

TABLE OF CONTENTS
MAIN BODY...................................................................................................................................3
Coursework 2A...........................................................................................................................3
Coursework 2B...........................................................................................................................5
REFERENCES................................................................................................................................7

MAIN BODY.
Coursework 2A.
UK'S CONSUMER CONFIDENCE DATA
Consumer confidence is form of economic indicator that helps in identifying the total
consumption, saving and future developments of various households. Also, Gfk consumer
confidence data helps in measuring consumer attitudes so that better decisions could be made
by the business firms. Moreover, such type of data is very helpful in predicting the future
inflations and economic conditions so that business confidence could be developed for selling
certain goods in the market. Furthermore, according to the certain reports it has been seen that
UK confidence has taken the worse turn in the history during the first half of 2021 due to the
pandemic. Thus, with the downfall of the economy during the pandemic most of the consumers
are not ready to make certain purchases in any of the business sectors. Moreover, when people
are confident only when there is stability in the incomes that influences the spending of the
business. Also, the consumer confidence reports are based on different sectors of the economy
that are operating on either small or large level. Also, according to business impacts of the
coronavirus survey 82.6% respondents feel that some business would be able to survive in the
next three months. Hence, through such confidence reports it allows the firms to develop
innovative products in the market so that large revenues could be generated by attracting
potential customers.
Furthermore, sectors that are able to grow in coming years is healthcare, retail, banking,
food services etc. Also, these sectors will be able to grow in the coming years is due to fact that
demand could not get completely over and people will be ready to take services even when
prices are little higher in the market. However, some sectors that are likely to struggle in the
next coming years are clothing, tourism, entertainment and much more due to limited demand
in the market by the consumers. Furthermore, the demand in these sectors is low because these
do not come under the essential goods' category that are required on daily basis. Hence, people
are ready to avail services only when there are excessive need that is required to be fulfilled on
time. Moreover, demand in these sectors was earlier stable but due to the hit of pandemic it has
been worse as people do not have enough money to spend on other services.