U.K. households are seeing the squeeze on their finances ease, with Britons feeling the most optimistic in five years, a new survey shows.
The Markit Household Finance Index, which tracks sentiment towards household finances, showed current perceptions of household finance rose to 42.1 in February from 41.7 in January, the highest reading since February 2009. While still below the 50-point mark that signals optimism, the data shows negative sentiment is waning.
Households are feeling the positive effects of slower inflationary pressures, in addition to a slight uptick in income and stabilizing household debt levels, Markit’s survey said.
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