Household perspective of economic activity

Quarterly Household Release – Q4 2011: ONS

  • Real household actual income per head fell by 0.1 per cent in the fourth quarter of 2011 compared with the third quarter of 2011, a slightly slower fall than the previous quarter
  • Real household actual expenditure per head increased by 0.2 per cent in the fourth quarter of 2011 compared with the third quarter of 2011. This is the first time household actual expenditure has grown since the second quarter of 2010
  • Household financial assets increased slightly relative to income on the quarter and household financial liabilities decreased marginally relative to income, this is in line with recent trends
  • The household saving ratio fell by 0.2 percentage points since the third quarter of 2011, to 7.7 per cent in the fourth quarter of 2011
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Consumer Trends Q4 2011

  • The volume of expenditure on goods and services (seasonally adjusted) grew by 0.4 per cent in Q4 2011, the first positive growth since Q2 2010.
  • In current prices, seasonally adjusted household expenditure increased by 1.2 per cent.
  • In 2011 volume expenditure fell by 1.2 per cent compared to 2010. Volume expenditure increased by 1.2 per cent into 2010.

Consumer Trends Q4 2011 – ONS