Back in January a government minister said she could see a few “green shoots” of recovery for the economy. This sparked massive debate both in and out of parliament as some people thought it was far too soon to be making such claims. This month has seen yet more signs of economic improvement therefore reigniting the debate.

The statistics seem to show slight improvements in certain areas such as the recent rise in manufacturing output and house prices, but then unemployment figures still seem to be going up. It is a confusing picture hence the debate.

All the confusion has led experts and studies to show that people are still feeling quite negative about the economy but there are some signs of improvement such as the Nationwide’s monthly consumer confidence index for May that showed a rise in consumer confidence.

Martin Gahbauer, Nationwide’s chief economist, said: “The more modest change in overall consumer confidence this month is no surprise and, as we continue to see contrasting news about the state of the economy, it is likely that confidence will remain fragile. While some reports suggest tentative signs of a slowing in the pace of economic decline, it is important to remember that a number of sectors are continuing to contract and any recovery is likely to be sluggish. What is clear from our findings is that while consumers remain pessimistic about the present situation, they appear to be much more confident about the future than they were at the beginning of the year.”

It is a confusing time economically and it can be hard to know what information is reliable, as much of it is speculation or figures which can be interpreted in a number of different ways.

What’s clear is that even during times of consolidation, businesses need to continue to market their brand and encourage customers to become brand loyal because economic recovery is inevitable sooner or later. This may mean that finding alternative or free marketing solutions to match public spending habits and cultural changes that happen during a recession. Now is a good time to foster relationships with new brand loyal customers so that when the green shoots of recovery bloom, there is a customer base to benefit from.

The Rocket Marketing Group operates a number of loyalty and membership programmes which give businesses a free marketing solution. All the partner business has to do is offer an exclusive discount to the loyalty and membership programme member. Loyalty and membership programmes tap into the current consumer trend of discount shopping. People can become less brand loyal unless the brand offers value as well. Our loyalty and membership programmes collectively have an active membership base of over 100,000 all actively seeking discounts and brands to shop from. The loyalty and membership programmes may be a free marketing solution that helps make sure that businesses do enjoy the green shoots of recovery when they appear.

Contact Us if you would like to discuss a loyalty and membership programme as a free marketing solution for fostering new brand loyal customers for your business.