Consumer spending reached £311,165 million in Q4 2017 driven by a rise of spending in Housing (water, electricity, gas etc.), Transport, Recreation & Culture and Misc. Consumer spending rose 0.3 per cent in Q4 2017 — unchanged from Q3 and Q2 2017. On an annual basis, consumer spending rose 1.2 per cent compared with the same quarter in 2016, the slowest rate since Q1 2012. Looking forward, UK households will face a continued squeeze on personal finances during the first half of 2018, however we expect to see an ease as the year progresses. We forecast real earnings to revert back to positive territory in the second quarter of the year, but remain weak for the remainder of 2018. A BoE survey showed that companies expected the average pay settlement rate to increase to 3.1 per cent in 2018 from 2.6 per cent in 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 - Q4 2017
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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|