Markit household finance index worsens

After having eased in December, the financial strain on UK households intensified at the start of 2017.

This was signalled by the seasonally adjusted Household Finance Index (HFI) falling  from  45.2 to 43.9. The latest reading was slightly below the average over 2016 as a whole (44.3).

Meanwhile, income from employment dropped slightly in January. That followed a three month sequence of broadly stagnant pay.
Current inflation perceptions picked up for the fourth month running to a three -year high in January. The seasonally adjusted index posted 80.3, above the series average of 76.
The index measuring expected living costs showed an almost identical trend, surging
to its highest since February 2014. The reading of 90.5 signalled that forecasts of further inflation were widespread among surveyed households.
Markit economist Phil Leake said: "The first HFI survey of 2017 suggested that mounting price pressures pose a threat to UK households' financial wellbeing. Current finances deteriorated in January amid the sharpest rise in price perceptions since early 2014."


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Sisyrinchium

Sisyrinchium

This huge but slightly odd genus offers multiple choices for the rock garden or alpine house, says Miranda Kimberley.

Horticulture education update - staying on course

Horticulture education update - staying on course

Raised levels of investment in horticulture education and increased student take-up is welcome news for the industry, says Rachel Anderson.

Are garden centres taking business from department stores?

Are garden centres taking business from department stores?

Can other garden centres learn from Petersham Nurseries and the fusion of retail elements in its new Covent Garden outlet?


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles