Research from YouGov found that 32pc of people surveyed in July believed they will be satisfied with the economy in a year’s time. This is against 21pc in June.
The figures are the latest indication that the recovery has gathered steam, two weeks after the Office for National Statistics said the economy grew by 0.6pc in the second quarter of the year.
YouGov’s poll, commissioned by The Times, said 26pc of people were happy with the state of the economy in July, almost twice as many as June’s 14pc.
Although the numbers still paint a subdued picture of conditions, with three-quarters unhappy with how things are, the news will give the Government some momentum as it prepares for 2015’s election.
The improvement is the biggest monthly leap since before the Coalition came into power. However, families remain concerned about the rising cost of living, according to the figures.
Under 16pc believe their personal finances will be better in a year’s time, and 39pc expect them to get worse. Almost half of families, however, believe the value of houses in their area will rise in the next 12 months.
The research comes as EEF, Britain's manufacturing organisation, ups its forecasts for 2013 growth to 1.1pc, up from 0.9pc earlier in the year, and predicts growth of 1.9pc next year.
"We are now seeing far more positive signs that growth will pick up," EEF's chief economist Lee Hopley said.
Meanwhile, the Confederation of British Industry has reported improved optimism amongst small and medium-sized manufacturers, with demand expected to rise in the next three months.
Meanwhile, a business confidence monitor from Grant Thornton and the Insitute of Chartered Accountants in England and Wales says growth could be 1pc in the third quarter of the year.
telegraph.co.uk
The figures are the latest indication that the recovery has gathered steam, two weeks after the Office for National Statistics said the economy grew by 0.6pc in the second quarter of the year.
YouGov’s poll, commissioned by The Times, said 26pc of people were happy with the state of the economy in July, almost twice as many as June’s 14pc.
Although the numbers still paint a subdued picture of conditions, with three-quarters unhappy with how things are, the news will give the Government some momentum as it prepares for 2015’s election.
The improvement is the biggest monthly leap since before the Coalition came into power. However, families remain concerned about the rising cost of living, according to the figures.
Under 16pc believe their personal finances will be better in a year’s time, and 39pc expect them to get worse. Almost half of families, however, believe the value of houses in their area will rise in the next 12 months.
The research comes as EEF, Britain's manufacturing organisation, ups its forecasts for 2013 growth to 1.1pc, up from 0.9pc earlier in the year, and predicts growth of 1.9pc next year.
"We are now seeing far more positive signs that growth will pick up," EEF's chief economist Lee Hopley said.
Meanwhile, the Confederation of British Industry has reported improved optimism amongst small and medium-sized manufacturers, with demand expected to rise in the next three months.
Meanwhile, a business confidence monitor from Grant Thornton and the Insitute of Chartered Accountants in England and Wales says growth could be 1pc in the third quarter of the year.
telegraph.co.uk
No comments:
Post a Comment