Household finances on the up
Families expect their financial position to improve over the next year, the first time Markit’s household finance index has reported a positive result. The study, which began in 2009, found the squeeze on incomes has eased in each of the past three months and households expect their position to start getting better soon. Markit’s forward looking index rose from 46.1 to 50.3 – with any score over 50 indicating an improvement.