The latest Quarterly National Accounts for Q3 2016, which includes data for the whole period after the EU Referendum, revealed that since the result, GDP growth has exceeded expectations. Given consumer spending accounts for two thirds of the economy and shoppers have remained resolute, GDP growth has shown continued strength, up 0.6 per cent on the previous quarter, and has now increased for 15 consecutive months.The outlook for business investment looks more uncertain with the ONS more than halving its estimate for business investment growth in the third quarter to 0.4 per cent. Looking forward, we expect underlying conditions to weaken for households as inflation begins to accelerate and gathers pace throughout 2017.
UK Consumer Report
Our UK Consumer Report analyses a range of UK consumer spending indicators on a quarterly basis. Subscribers have access to all data (analytical reports and interactive data) which includes consumer spending, housing market data, consumer confidence, consumer credit, household inflation, labour market statistics, wage growth, retail sales and more.
UK Consumer - Q3 2016
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The UK Consumer report includes:
|Summary and economic overview|
|Consumer spending overview|
|Consumer spending by category|
|Consumer spending growth (year-on-year)|
|Consumer spending growth (quarter-on-quarter)|
|Average spend by household|
|Consumer spending by region|
|Consumer spending by income decile|
|Consumer spending forecasts by category|