Lloyds Bank

Spending Power Report

18 June 2012

  • Discretionary spending power fell by 0.3% in May as real incomes continue to shrink.  On average, this equates to almost £34 a month less than a year ago to spend on non-essential items.
  • However, growth in essential spending eased, suggesting consumers could be starting to feel the effects of falling inflation.
  • At 5.1%, annual growth in spending on automotive fuel fell to its lowest level since the index began in January 2010.
  • Perceptions of the country’s financial and employment situations have deteriorated compared to this time last year.
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