Real household disposable income per head increased by 1 per cent during April–June, reversing a decline of 0.8 per cent in the preceding quarter. The household saving ratio rose by 0.2 percentage points to 8.8 per cent, driven by an increased contribution from non-pension saving.
UK GDP grew 0.5 per cent in April-June 2026, revised up from 0.4 per cent, but eased from 0.6 per cent in Q1, according to the ONS.
Household disposable income per head rose 1 per cent and the saving ratio reached 8.8 per cent, indicators for apparel and home-textile demand.
Q2 GDP was 2 per cent above Q4 2024, while 2025 growth was revised down to 1.2 per cent.
The revised national accounts placed GDP in Q2 2026 at 2 per cent above its level in the fourth quarter of 2024, compared with the previous estimate of 1.9 per cent. However, growth for 2025 as a whole was revised down by 0.1 percentage points to 1.2 per cent, ONS said in its latest release.
Revisions to quarterly GDP growth across 2025 and 2026 ranged from a reduction of 0.2 percentage points to an increase of 0.1 percentage points. The cumulative rise in real GDP over this period remained largely unchanged.
The UK’s borrowing position with the rest of the world declined to 2.8 per cent of GDP in Q2, from 2.9 per cent in the previous quarter.
Fibre2Fashion News Desk (SG)
