FILE PHOTO: Pedestrians carry shopping bags, amid the coronavirus disease (COVID-19) outbreak, in London, Britain, July 18, 2020. REUTERS/Simon Dawson
LONDON (Reuters) – British households’ view of their financial situation improved modestly in July to just above its long-run average, after hitting an eight-and-a-half year low in April due to the coronavirus, a survey showed on Monday.
IHS Markit said its monthly Household Finance Index rose to 41.5 in July from 40.7 in June, though it is below its level in March before the economy went into lockdown to slow the spread of COVID-19, which has killed over 45,000 people in Britain.
“The phased reopening across parts of the UK economy appears to have been a factor supporting household finances in July,” IHS Markit said, after