Expectations about the financial health of British households in June was the least downbeat since April 2010, a survey by Markit Economics showed Monday.
The household finance index rose to 37 in June from 36.6 in May. This pointed to a sharp deterioration in current financial conditions, but at a slower pace than seen in May.
Inflation perceptions among households softened for a third month running. Their inflation expectations and current perceptions of inflation were both the lowest since February.
Softer inflationary pressures contributed to the slowest fall in cash availability since January 2011. Nonetheless, incomes declined at a faster pace in June.
by RTT Staff Writer
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