Free Trial
USDCAD TECHS

Takes Out 20-, 50-Day EMAs

US TSYS

Weak Global PMIs

AUDUSD TECHS

Pierces 50-Day EMA

US TSYS

Eurodollar/SOFR, Tsy Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Real Disposable Income Falls for 4th Consecutive Quarter

UK DATA
MNI (London)
  • This morning's quarterly national accounts report highlighted a fall in real household disposable income (RHDI), which weakened by 0.2% q/q in Q1 2022.
  • Despite growth in nominal gross disposable income, UK inflation running hot at 7.0% y/y at the end of Q1 saw real income growth squashed. Household quarterly inflation was the highest in 11 years at 1.7% on the ONS deflator, (at 2.4% in 2011), underpinning the stark decline in consumer confidence.
  • This was the fourth consecutive quarter of negative growth for RHDI, a new record beating the three consecutive quarters of 1976/77. Records began in 1955.
96 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • This morning's quarterly national accounts report highlighted a fall in real household disposable income (RHDI), which weakened by 0.2% q/q in Q1 2022.
  • Despite growth in nominal gross disposable income, UK inflation running hot at 7.0% y/y at the end of Q1 saw real income growth squashed. Household quarterly inflation was the highest in 11 years at 1.7% on the ONS deflator, (at 2.4% in 2011), underpinning the stark decline in consumer confidence.
  • This was the fourth consecutive quarter of negative growth for RHDI, a new record beating the three consecutive quarters of 1976/77. Records began in 1955.