I suppose we all know it, the Markit Household Finance Index™ on Monday said that [a]round 31% of respondents noted a deterioration in their financial situation, compared to 6% that saw an improvement.
Though when compared to last year those asked were shall we say less pessimistic at the start of this year - The headline Markit Household Finance Index (HFI) picked up to 37.7 in January, from December’s seven-month low of 36.8 - with neutral threshold being 50.
The key points of the Markit Household Finance Index™ for January are:
See also: Reuters - Households slightly less gloomy on finances in January -survey
Though when compared to last year those asked were shall we say less pessimistic at the start of this year - The headline Markit Household Finance Index (HFI) picked up to 37.7 in January, from December’s seven-month low of 36.8 - with neutral threshold being 50.
The key points of the Markit Household Finance Index™ for January are:
- Squeeze on household finances weakens in January…
- …and respondents are the least pessimistic about year-ahead outlook since September 2012
- Sentiment regarding ease of access to unsecured credit is least downbeat in four-year survey history
- Appetite for major purchases falls at slowest pace since October 2010
- Least marked drop in job security since the start of the survey in early 2009…
- …but activity at work stagnates and income from employment declines at fastest pace for six months
See also: Reuters - Households slightly less gloomy on finances in January -survey
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