UK IntelligenceUK Statistics

Consumer trends, UK: Quarter 4 (Oct to Dec) 2016

Spending on goods and services by UK households including household final consumption expenditure (HHFCE) as a measure of economic growth.

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Table of contents

  1. Main points
  2. Summary of household expenditure in Quarter 4 (Oct to Dec) 2016
  3. Trends in household expenditure
  4. Household spending by product
  5. Focus on prices in household expenditure
  6. Household spending per head
  7. Household final consumption expenditure revisions Quarter 4 (Oct to Dec) 2016
  8. User engagement seminar
  9. Quality and methodology 

Main points

  • In Quarter 4 (Oct to Dec) 2016, household spending (adjusted for inflation) grew by 0.7% (£2.0 billion) compared with Quarter 3 (July to Sept) 2016.
  • The main contribution to growth can be seen in “Housing”, this has increased by 1.3% compared with Quarter 3 2016.
  • Household spending in volume terms increased to £277.1 billion in Quarter 4 2007 before falling to £260.1 billion in Quarter 2 2009; following falls in 2010 and 2011, it increased to £294.8 billion in Quarter 4 2016, the highest volume spending since the start of the series, in each quarter since Quarter 3 2014, volume spending has exceeded the previous high in Quarter 4 2007.
  • Household spending when compared with the same quarter a year ago has been showing positive growth each quarter since Quarter 4 2011; it was 2.9% higher in Quarter 4 2016, when compared with Quarter 4 2015.
  • The current price value of household spending, which includes inflation, shows how much UK households spent; in Quarter 4 2016, current price spending increased by 1.4% compared with Quarter 3 2016.
  • The household expenditure implied deflator increased by 0.7% in Quarter 4 2016 compared with the previous quarter.

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Source: Office for National Statistics licensed under the Open Government Licence v.1.0.

 

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