United Kingdom Consumer Spending

Consumer Spending in the United Kingdom increased to 249105 GBP Million in the fourth quarter of 2013 from 249058 GBP Million in the third quarter of 2013. Consumer Spending in the United Kingdom is reported by the Office for National Statistics. Consumer Spending in the United Kingdom averaged 132441.90 GBP Million from 1955 until 2013, reaching an all time high of 251953 GBP Million in the fourth quarter of 2007 and a record low of 50719 GBP Million in the third quarter of 1956. This page provides - United Kingdom Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
249105.00 249058.00 251953.00 50719.00 250950.44 | 2014/03 1955 - 2013 GBP Million Quarterly
Constant Prices, SA

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United Kingdom Consumer Spending
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Consumer Last Previous Highest Lowest Forecast Unit
Retail Sales MoM 1.70 2014-02-28 -2.00 2.90 -4.10 -0.03 2014-03-31 Percent [+]
Retail Sales YoY 3.70 2014-02-28 3.90 9.30 -3.50 2.22 2014-03-31 Percent [+]
Consumer Confidence -5.00 2014-03-31 -7.00 10.00 -39.00 -4.86 2014-04-30 [+]
Bank Lending Rate 1.50 2014-04-30 1.50 18.00 1.50 1.48 2014-05-31 Percent [+]
Consumer Spending 249105.00 2013-11-15 249058.00 251953.00 50719.00 250950.44 2014-03-31 GBP Million [+]
Disposable Personal Income 253715.00 2013-11-15 253980.00 253980.00 45135.00 256173.23 2014-03-31 GBP Million [+]
Personal Savings 5.00 2013-11-15 5.60 14.00 -0.90 4.95 2014-03-31 Percent [+]
[+]


Consumer Spending | Notes
Consumer spending, also called consumer consumption or expenditure, is the amount of money that households spend on goods and services in order to satisfy their needs. It is very important measure to check the health of the economy. For example, when the consumer spending is declining it means that the economy is not performing very well. In times of recession governments try to boost consumer spending artificially by expanding tax cuts and money handouts. As a result, households are spending more thus stimulating production and employment.


RELATED NEWS

UK Unemployment Rate Down to 5-Year Low  
In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.
UK Inflation Rate Slows Further in March  
UK annual consumer prices fell to its lowest in over four year in March of 2014. The inflation rate decelerated for the sixth consecutive month to 1.6 percent, down from 1.7 percent in February, due to lower fuel, clothing and furniture prices.
BoE Leaves Rate Steady  
At its April 10th, 2014 meeting, Bank of England decided to leave the benchmark interest rate on hold at 0.5 percent and the size of its asset purchase programme unchanged at £375 billion, as widely expected.
UK Trade Deficit Narrows in February  
Britain’s goods and services trade gap decreased to £ 2.06 billion in February of 2014, down from a revised £ 2.2 billion deficit in the previous month, as both exports and imports fell.
UK Economy Advances 1.7% in 2013  
The UK GDP expanded at its fastest pace in three years in 2013. Final estimates showed the economy advanced 1.7 percent, compared with a meager 0.3 percent expansion in 2012. Between Q4 2012 and Q4 2013, the GDP increased by 2.7 percent, unrevised from the previous estimate.
UK GDP Growth Confirmed at 0.7% in Q4  
UK economy advanced 0.7 percent quarter on quarter in the last three months of 2013, in line with previous estimates. Full-year GDP growth in 2013 was revised down to 1.7 percent from 1.8 percent recorded earlier.
UK Inflation Rate Slows to 4-Year Low  
In February of 2014, UK’s annual consumer prices eased to 1.7 percent, the lowest rate since October of 2009, dipping further below the Bank of England's target. The biggest downward contribution was transport cost, mainly fuel prices, which showed its biggest drop since September 2009.
UK Unemployment Rate Steady at 7.2%  
In the three months to January of 2014, UK jobless rate remained unchanged at 7.2 percent, after rising to that level in the three months to December of 2013. Claimant count decreased more than expected and average weekly earnings picked up.
UK Trade Deficit Widens 76% YoY in January  
UK’s trade deficit increased sharply to £ 2.56 billion in January of 2014, compared with a £ 1.45 billion gap a year earlier and a revised £ 0.66 billion deficit in December of 2013. Exports of goods and services fell to a 14-month low hurt by lower sales of aircraft and chemicals.
BoE Leaves Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee decided on March 6th 2014 to maintain the bank rate on hold at 0.5 percent, as widely expected. The stock of asset purchases was also left unchanged at 375 billion pounds.
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LATEST NEWS

Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
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