The UK households were more confident on their financial prospects in January with an index of personal finances declining at a slower pace in the month due to better consumer perceptions about inflation, job security and credit availability.
The Markit Household Finance Index (HFI) rose to 37.7 in January from a seven-month low of 36.8 in December, indicating an improvement in overall situation. However, the reading remained below the 50 threshold which showed deterioration in household finances in general.
The HFI, compiled each month by Markit tries to capture the consumer behaviour which... (Continue Reading)
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