Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

31st May 2022 22:00U.K., Daily Monitor

Households still were unwilling to use their excess savings in April, despite the sharp drop in real incomes.

With excess savings equal to £186B and consumer credit £23B below its peak, consumers still can spend.

But low confidence, the unequal distribution of savings and falling incomes suggests expenditure will dip in Q2.

business investment buyer demand consumer credit cpi cpi inflation credit credit conditions deposits energy energy prices government interest rates June March May mortgage mortgage approvals mortgage rates mortgages q3 real incomes real spending savings

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.

U.S. Economic Research
Eurozone Economic Research
Latin America Economic Research
UK Economic Research
Asia Economic Research

Sign up for your complimentary trial

To start your complimentary trial, highlight the areas you are interested in subcribing to and click next.

United States


United Kingdom

China +

Emerging Asia

Latin America


Consistently Right
Access Key Enabled Navigation
Keywords for: Real Spending Looks Set to Drop as Households Continue to Save More

business investment, buyer demand, consumer credit, cpi, cpi inflation, credit, credit conditions, deposits, energy, energy prices, government, interest rates, June, March, May, mortgage, mortgage approvals, mortgage rates, mortgages, q3, real incomes, real spending, savings, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence