UK Household Finance Index Slips to Four-Month Low in September: IHS Markit - Forex News by Strategia Forex
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UK Household Finance Index Slips to Four-Month Low in September: IHS Markit

Posted Monday, September 23, 2019 by
Arslan Butt • 1 min read

According to recent data released by IHS Markit, UK consumers are turning even more pessimistic about their financial wellbeing outlook. The UK Household Finance Index has slipped to a four-month low of 43.1 in September from 43.6 in August.

UK consumers are turning increasingly hesitant about making expensive purchases as uncertainty about their jobs clouds the outlook for spending. In addition to appetite for major purchases and job security, financial wellbeing expectations also deteriorated sharply during September, falling to the weakest levels since November 2013.

Employment concerns reign with workplace expansion slowing to the weakest pace since July 2017 even employment growth also weakening since August. Despite inflation holding steady in the UK, consumers anticipate a slight increase in expected living costs in the next 12 months.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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