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Households’ financial expectations remain stable in UK

Staff Writer |
Adjusted for seasonal influences, the UK Household Finance Index (HFI) posted 44.8 in September, little-changed from 44.9 in August.

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While this signalled an ongoing financial strain, household perceptions remained far less downbeat than the post-crisis trend (40.1).

In fact, financial pressures have been relatively muted throughout 2016 on average (44.4), even in the face of June’s vote to leave the EU.

Following a rebound from 47.2 to 49.9 in August, the index measuring expectations for finances in 12 months’ time held broadly steady near the 50.0 nochange mark in September.

The latest reading of 49.6 pointed to a slightly downbeat financial outlook, but one that was nevertheless substantially brighter than the series average (44.1).

By sector, construction workers were most upbeat about their financial prospects. Manufacturing employees were also relatively optimistic.

In contrast, those working in finance/business services reported the bleakest outlook since May 2012.

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