FOREX TradingCharts.com

Financial News: Pressure On UK Household Finances Eases In July

Pressure On UK Household Finances Eases In July

07/20/2020 - 06:19:00 (RTTNews)

(RTTNews) - The overall squeeze on British household finances eased in July due to the phased reopening of the economy, survey data from IHS Markit showed Monday.

The headline household finance index, which measures households' overall perceptions of financial well-being, rose to 41.5 in July from 40.7 in June. The reading reached its highest level since March.

The phased reopening across parts of the economy helped to lift income from employment and workplace activity in comparison those logged during the lockdown period.

However, households' financial outlook for the next 12 months worsened since June, with this index falling to 42.5 in July from 45.9 in June.

Nearly four times as many survey respondents reported a decline in job security during July as those that indicated an improvement.

The indicator for current financial well-being in July rose to 41.6 in July from 37.8 in June.

Households were focused on reining in debt and supporting their savings where possible. As a result, the index measuring demand for unsecured credit fell to 49.3 in July from 50.1 in June.

About 49 percent of respondents expect the Bank of England to increase interest rates within the next year.

Tim Moore, Director at IHS Markit, said "July data illustrates that UK households continue to tighten the purse strings despite a phased reopening of the economy and return to work after the lockdown period."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Investor Confidence Highest Since February - Sentix (05 hr(s), 12 min(s), 58 sec(s) ago)
(RTTNews) - Euro area investor confidence rose for a fourth straight month in August to its highes ...Full Story»

Latvia Consumer Prices Rise In July (05 hr(s), 45 min(s), 58 sec(s) ago)
(RTTNews) - Latvia's consumer prices rose for the first time in four months in July, figures f ...Full Story»

Sweden Household Consumption Falls In June (05 hr(s), 48 min(s), 58 sec(s) ago)
(RTTNews) - Sweden's household consumption declined in June, data from Statistics Sweden showe ...Full Story»

Slovakia Industrial Production Declines At Softer Pace In June (06 hr(s), 11 min(s), 58 sec(s) ago)
(RTTNews) - Slovakia industrial production declined at a softer pace in June as the slump in the t ...Full Story»

Turkish Jobless Rate Rises In May (06 hr(s), 12 min(s), 58 sec(s) ago)
(RTTNews) - Turkey's jobless rate rose in May, data from the Turkish Statistical Institute sho ...Full Story»

Romania Trade Deficit Widens In June (06 hr(s), 13 min(s), 58 sec(s) ago)
(RTTNews) - Romania's trade deficit increased in June as exports declined faster than imports, ...Full Story»

Norway Inflation Slows In July (07 hr(s), 15 min(s), 58 sec(s) ago)
(RTTNews) - Norway's consumer price inflation eased in July, data from Statistics Norway showe ...Full Story»

Denmark Inflation Rises In July (07 hr(s), 18 min(s), 58 sec(s) ago)
(RTTNews) - Denmark's consumer prices rose in July, data from Statistics Denmark showed on Mon ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Investor Confidence Highest Since February - Sentix

08/10/2020 - 08:48 AM (RTTNews)
(RTTNews) - Euro area investor confidence rose for a fourth straight month in August to its highes ...Full Story>>

Latvia Consumer Prices Rise In July

08/10/2020 - 08:15 AM (RTTNews)
(RTTNews) - Latvia's consumer prices rose for the first time in four months in July, figures f ...Full Story>>

Sweden Household Consumption Falls In June

08/10/2020 - 08:12 AM (RTTNews)
(RTTNews) - Sweden's household consumption declined in June, data from Statistics Sweden showe ...Full Story>>

Slovakia Industrial Production Declines At Softer Pace In June

08/10/2020 - 07:49 AM (RTTNews)
(RTTNews) - Slovakia industrial production declined at a softer pace in June as the slump in the t ...Full Story>>

Turkish Jobless Rate Rises In May

08/10/2020 - 07:48 AM (RTTNews)
(RTTNews) - Turkey's jobless rate rose in May, data from the Turkish Statistical Institute sho ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.