In the recent Survey, conducted by the Markit, when asked, ' How do you think your Household's financial situation will have changed 12 months from now?
About 69% said it should be worst than present.
Households are more downbeat about the UK economic outlook in August than was reported last month. Exactly 69% of British households anticipate worse economic conditions in one year’s time, up from 61.6% in July. Just 15.2% of respondents expect conditions to improve, down from 19.3% in July. Scotland is the most pessimistic region, while the East of England is the least downbeat. London saw the sharpest deterioration in sentiment (net balance down from -33.4% to -60.0% in August).
Makit is an agency, which carries Economic survey's in many countries. The Purchase Managers Index, popularly known as PMI for Services and Industry. In India, Markit-HSBC conduct the PMI Survey. The survey is credited with a reference by the Reserve Bank of India, and is looked upon by the Equity Market Participants.
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