Home > Statistics > Sectoral breakdown of aggregate M4 and M4 lending - January 2011
 

Sectoral breakdown of aggregate M4 and M4 lending - January 2011

01 March 2011

M4 excluding intermediate OFCs increased by £11.1 billion in January, compared to an average monthly increase of £3.4 billion in the previous two quarters. The three-month annualised growth rate increased to 4.9%. M4 lending excluding intermediate OFCs increased by £7.8 billion in January; compared to an average monthly decrease of £0.8 billion in the previous two quarters. The three-month annualised growth rate was 0.4%.

Sectoral breakdown

This is a 5.2k graphic chart for growth rates of seasonally adjusted M4 This is a 6k graphic chart for growth rates of seasonally adjusted M4 Lending

 

This is a 5.2k graphic chart for growth rates of seasonally adjusted M4 excluding intermediate OFCs This is a 6k graphic chart for growth rates of seasonally adjusted M4 Lending excluding intermediate OFCs

(a) These charts show quarterly data with the most recent monthly data added as additional points for reference.

Click on the above images to enlarge

Tables

Table A - M4 and M4 lending excluding intermediate OFCs

Microsoft Excel Version (21k)
 

The household sector’s holdings of M4 rose by £5.6 billion in January compared to an average monthly increase of £1.9 billion in the previous two quarters. The annual growth rate was 2.8%. M4 lending (excluding the effects of securitisations etc) to the household sector rose by £1.4 billion in January compared to an average monthly increase of £0.8 billion in the previous two quarters. The annual growth rate was 0.9%. Private non-financial corporations’ (PNFCs’) holdings of M4 fell by £0.6 billion in January, compared to an average monthly increase of £0.2 billion in the previous two quarters. The annual growth rate fell to 1.1%. M4 lending (excluding the effects of securitisations etc) to PNFCs increased by £1.1 billion in January, compared to an average monthly decrease of £0.5 billion in the previous two quarters, and the annual growth rate was -2.6%. Holdings of M4 by non-intermediate other financial corporations (NIOFCs) rose by £6.2 billion and M4 lending (excluding the effects of securitisations etc) to NIOFCs increased by £5.4 billion in January.

The version of this statistical release published originally incorrectly stated that “Holdings of M4 by non-intermediate other financial corporations (NIOFCs) fell by £6.2 billion”.

Sectoral breakdown

Table B - Sectoral breakdown

Microsoft Excel Version (22k)

Table C - A wider measure of PNFC financing

Excel Table C Microsoft Excel Version (22k)
 
PNFCs made a net total redemption of £0.6 billion of finance from UK MFIs and capital markets in January, following a net redemption of £1.2 billion in December. Information on capital issues can be found in the Capital Issuance release of 18 February 2011.
 

Table D - M4 and M4 lending

Excel Table D Microsoft Excel Version (22k)

 

Highs and Lows

PDF Version (14k)

Revisions

Revisions to Table B (57k)

Notes to Editors

Notes and definitions for M4 excluding intermediate OFCs
Notes and definitions for M4 lending excluding intermediate OFCs
Notes and definitions for Sectoral M4 and M4 Lending
Notes and definitions for M4

Information on growth rates and revisions policy.

Comments and Queries

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Next release date: February

29 March 2011