Streaming Services See a Boost Amidst Lockdown
- Consumer confidence hasn’t recovered since Brexit vote
- Spending on at-home experiences surged 47.5% since first COVID-19 lockdown
- Brits now spend £50.60 per month on streaming services
A report by Barclays titled ’10 Years of Spend’ reveals that consumer confidence reached its peak in September 2016 at 48% following the Brexit referendum. However, it hasn’t recovered since then. In addition to this, spending on at-home experiences has surged by 47.5% since the first COVID-19 lockdown, with Brits now averaging £50.60 per month on streaming services.
Factuality Level: 5
Factuality Justification: The article provides a specific statistic and cites its source (Barclays’ ’10 Years of Spend’ report) which adds credibility to the information presented. However, it lacks context or explanation for why consumer confidence reached this high point in September 2016, making it difficult to fully understand the significance of the statistic.
Noise Level: 5
Noise Justification: The article provides a single statistic without any context or analysis, and it is not clear how this information relates to the Brexit referendum or its impact on consumer confidence.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article mentions consumer confidence, which can have an impact on economic indicators and potentially financial markets. However, it does not specifically mention any direct impact on financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text and it doesn’t discuss any event that happened in the last 48 hours.
www.retailsector.co.uk