Real household spending saw a further expansion in Q2, its seventh successive quarterly rise. But with earnings growth still subdued, the recovery’s foundations are hardly watertight. Nonetheless, growing consumer confidence and a ‘feel good factor’ from rising household wealth should sustain further modest growth in spending over the next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services