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Home > Statistics > Money and Credit - September 2017

Money and Credit - September 2017

30 October 2017

​The Money and Credit statistical release comprises:

  • Part one: Broad money and credit: aggregate, sectoral and industrial detail
  • Part two: Lending to individuals: lending secured on dwellings and consumer credit
  • Part three: Lending to businesses: net finance raised and loans to businesses, split by size of business
Key points from the data to the end of September 2017 include:
Part one: Broad money and credit
  • Broad money increased by £3.0 billion in September (Table A). Within this, the flow of household M4 was the largest contributor at £3.8 billion (Table B). The flow of M4 for private non-financial corporations (PNFCs) was -£1.5 billion (Table C), a particularly weak outturn. 
  • The net flow of sterling credit remained robust at £9.6 billion in September (Table A). Within this, lending to households has been growing steadily at around 4% per year (Table B).
Part two: Lending to individuals
  • Mortgage approvals for house purchase fell slightly to 66,232 in September, close to their recent average (Table I).
  • The annual growth rate of consumer credit has remained broadly unchanged since June, at around 10%. The flow was £1.6 billion in September, also close to its recent average (Table J).
Part three: Lending to businesses
  • PNFCs raised a net of £2.1 billion from UK MFIs and capital markets in September (Table L), mainly driven by strong bond issuance.
  • Large non-financial businesses made net repayments of £1.8 billion of loans in September (Table M), with manufacturing contributing the most to this movement (Table O).

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​29 November 2017