Households’ disposable income up €480m in Q2

The gross disposable income of Irish households grew by €480m — or 2.2% — to €22.4bn in the second quarter of the year.

This year-on-year figure, published yesterday by the CSO, was driven by an annualised €473m increase in profits earned by self-employed homeowners and a fall of €181m in income payments.

The figures show that household expenditure fell by €206m from the start of April to the end of June, when compared to the same period last year — declining from €18.92bn to just under €18.72bn.