Squeeze on British household budgets eased in May as an indicator of personal finances showed its highest reading in three years despite straying in the negative territory, a report from Markit Economics showed Monday.
The headline Markit Household Finance Index rose sharply to 40.4 in May from 37.7 in April. Reading below 50 indicates contraction. However, Markit said, the latest reading pointed to the slowest deterioration in household finances since May 2010.
The survey found that increased income from employment helped alleviate strain on cash available for households to spend. Also, their inflation perceptions hit a nine-month low in May, according to the report.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.