U.K. Consumers Display Resilience as Saving Ratio Climbs
- Households saved 5.4% of their income in 2Q Vs 3.8% in 1Q
- Economy shows more balance as investment, trade add to growth
Recent surveys suggest consumer spending remains resilient.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
The British consumer may be in better health than previously feared.
Figures from the Office for National Statistics Friday show households saved more of their disposable income in the second quarter. And incomes rose faster than prices for the first time in a year.