• Monday, August 15, 2022

Business

UK Households Confidence Over Financial Condition Climbs in September: IHS Markit

UK Households Confidence Over Financial Condition Climbs in September: IHS Markit (Photo Credit: OLI SCARFF/AFP/Getty Images).

By: Radhakrishna N S

UK households confidence about their financial condition reached to its top since 2015 in September supported by continued growth in employment, ease of concerns over inflation, said a survey on Monday (17). The headline seasonally adjusted IHS Markit Household Finance Index (HFI) which measures households’ overall perceptions of financial well-being recorded 45.9 points in September, thereby matching the reading observed in August, which was the second-highest since the survey began in February 2009. Household finance index of 45.9 is just below the January 2015 survey record high of 46.2. Latest survey data once again pointed to a relatively soft squeeze on UK household budgets. Household…

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