March 28, 2024
(press release)
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Household final consumption expenditure (HHFCE) for the UK, as a measure of economic growth. Includes all spending on goods and services by members of UK households. Main points In Quarter 4 (Oct to Dec) 2023, household spending growth (adjusted for inflation) was negative 0.1% compared with Quarter 3 (July to Sept) 2023. Compared with Quarter 4 2022, household spending increased by 0.3%. When compared with Quarter 4 2019 (pre-coronavirus (COVID-19) pandemic), household spending decreased by 2.1%. Industry Intelligence Editor's Note: This information was originally published in ONS. To view the full article, please visit https://www.ons.gov.uk/economy/nationalaccounts/satelliteaccounts/bulletins/consumertrends/octobertodecember2023
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