THE spending power of Northern Ireland households grew by more than 10 per cent last year.
But at £98 a week, families still have just half the discretionary income as their counterparts in Britain, according to the latest income tracker by Asda.
The rate in growth of spending "slowed considerably" according to CEBR that compiled the report to 10.5 per cent year-on-year in the fourth quarter compared to 15.1 per cent in the previous three months.
The falling prices of some essential items combined with further growth in employment in the north's labour market helped maintain double digit growth in the three months to December.
Asda chief executive Andy Clarke said: “Throughout 2015 falls in commodity prices and a strengthening pound contributed to higher discretionary income in households across the UK.
"We’ve also passed a milestone for the British economy, with inflation remaining at zero for a full calendar year for the first time since records began. Despite these positive economic indicators, spending patterns remain erratic.
"Although falling vehicle fuel costs are putting extra pounds in consumers’ pockets, this doesn’t necessarily translate to an increase in household spending.
“It’s encouraging to see that the regional picture was positive overall, but with varying contributing factors.
"Northern Ireland again experienced the fastest growth in discretionary income, but still remained disproportionately behind the rest of the UK. In comparison Scotland’s growth slowed as a result of increased pressure on the public sector and the price of oil.”
