empty
 
 

2018.04.2301:16:00UTC+00UK Household Finances Deteriorate In April

UK household finances deteriorated at the start of the second quarter, survey data from IHS Markit showed Monday.

The household finance index remained unchanged at 43.2 in March. A score below 50 suggests a moderate deterioration in household finances with the rate of decrease broadly in line with that seen over the last 12 months.

Nonetheless, improving labor market and a fall in inflationary pressures provided some welcome news to families.

Households were generally pessimistic towards financial conditions in the year-ahead. At 47.3 in April, the latest figure was the lowest for five months.

Households reported the strongest increase in workplace activity for 22 months, whilst incomes rose at an elevated pace for the second month running.

At 78.7 in April, the prices index fell to an 11-month low, thereby signaling an easing of current inflation perceptions. Only a small minority of UK households expect a Bank of England rate rise in the next month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback