Economy Commenting on today's short-term economic indicator figures for the three months to November 2017, Office for National Statistics senior statistician Ole Black said: "There was strong and widespread growth across manufacturing with notable increases from renewable energy projects, boats, planes and cars for export. However, despite a small increase in November 2017, construction again contracted in the last three months, with private house building providing the only positive news in the sector. "The trade deficit narrowed in the last three months, due mainly to increased exports of services, shipments of works of art and cars. Over the last year exports of goods, particularly cars, machinery and crude oil, have continued to increase, and at a faster rate than imports." People, population and community Based on the Office for National Statistics's (ONS's) Living Costs and Food Survey, the UK median disposable household income was £27,300 in the financial year ending (FYE) 2017, up 2.3% on the previous year (after accounting for inflation and household composition).
The latest estimate of UK median disposable household income is very similar to the nowcast estimate of £27,200 for FYE 2017, published in July 2017.
Growth in median disposable income for the richest fifth of households has lagged behind households in the rest of the income distribution in recent years, but has now recovered to the levels seen before the start of the economic downturn, taking into account inflation and changes in household composition.
There has been a small decline in income inequality in the last 10 years, although inequality in FYE 2017 (based on the Living Costs and Food Survey) at 32.2% is broadly unchanged from FYE 2016 (31.6%).
Between FYE 2016 and FYE 2017, both retired and non-retired households have seen increases in their median disposable incomes, though the growth has been larger for non-retired households (3.5%) than for retired households (1.2%). | 
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