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household spending latest publications

Consumption Outlook. First half 2019

The running out of tailwinds, the smaller increase in financial wealth and consumer financing and the rise in uncertainty will slow down the growth household consumption expenditure to 1.8% in 2019 and 1.7% in 2020

Consumption Outlook 2H18

Consumption growth, following steady progress in H2 2018, will slow to 2.1% in 2019 and to 1.8% in 2020 as a result of a lower contribution of financial wealth, a disappearance of pent-up demand and increased uncertainty. Fiscal stimuli, increased real estate wealth and steady progress in terms of financing will enable expenditure to be sustained.

Consumption Outlook. First half 2018

Private consumption surprised on the upside in early 2018. Growth will pick up to 2.6% in 2018, slowing to 2.1% in 2019. Incomes, housing wealth and credit will continue to show strength. The fiscal impulse included in the Peruvian annual budget for 2018 will offset the increase in oil prices and the implications of the current uncertainty.

Portugal: expansion, with issues to resolve

The prospects for the Portuguese economy are positive, although the country still has significant imbalances that could slow the pace of recovery if the reforming zeal shown in the past few years is not maintained.

Consumption: seeing is believing

Why has an economy with an unemployment rate of more than 26% in the first half of 2013 had such a prolonged recovery in private consumption? The main reason was the change of cycle in the labour market.