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.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.