UK DATA: Household Real Income Up Fastest Since Q2 2009
–Q2 Real Household disposable income +1.2% q/q; -1.2% y/y
–Q2 Saving Ratio 7.4% vs 5.9% in Q2
————————————————————————
Real household disposable income rose at the fastest pace for two
years in the second quarter, while the saving ratio increased, figures
released, figures released by National Statistics showed Tuesday. While
the figures appear to show some good news for the beleaguered household
sector, incomes are still down on the year, and most evidence suggests
they are likely to remain squeezed for the foreseeable future as wages
fail to keep up with inflation.