Monday, February 16, 2015

Bank of England feels 'robust outlook for household spending'.

"GDP growth remained solid in 2014 Q3, and continued to be accounted for by rising private sector domestic demand. Household spending growth was robust. Business investment contracted in Q3, although survey indicators point to a recovery in Q4. " Inflation Report February 2015 
Oil fall should support real incomes of households.
Wage growth has improved.
Spending on food and energy accounts for around 15% of overall consumer spending and falls in prices are likely to have boosted real incomes by around ¾% in December, compared with a year ago


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