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Net Lending to Individuals beats market forecasts

Wednesday, Nov 29 2017
Net Lending to Individuals beats market forecasts

Broad money increased by £3.6 billion in October. Within this, the flow of household M4 was the largest contributor at £3.1 billion. The net flow of sterling credit fell to £2.6 billion in October. Lending to households and private non-financial corporations (PNFCs) was £3.8 billion, broadly in line with the previous month.

Net lending secured on dwellings was broadly unchanged at £3.4 billion in October. Underlying this were increases in gross lending and repayments due to increases in remortgaging activity. Total mortgage approvals increased slightly in October. Within this, remortgaging approvals increased to 51,593, the highest since October 2008. House purchase mortgage approvals fell slightly to 64,575 in October. The annual growth rate of consumer credit was broadly unchanged at 9.6% in October.

More in this category: « CB Consumer Confidence increased to 129.5 German CPI expected to increase by 0.3% »

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