Provisional estimates of broad money (M4)
and credit (M4 lending)
October 2009
Seasonally adjusted provisional figures for October are as follows. M4 increased by £35.8 billion, above the average flow for the previous six months of £8.2 billion. The twelve-month growth rate continued to fall, to 11.0% from 11.6% in September.
M4 lending increased by £25.2 billion (1.0%) in October. The twelve-month growth rate continued to fall, to 5.9% from 6.5% in September.
M4 lending (excluding the effects of securitisations etc.) increased by £26.7 billion (1.0%) in October. The twelve-month growth rate continued to fall, to 6.8% from 7.9% in September.
These provisional data suggest that banks' and building societies' deposit and lending business with financial companies that are part of the same group accounted for most of the increase in M4, M4 lending and M4 lending (excluding the effects of securitisations etc.) in October. This intra-group activity will be excluded from the measures of M4 and M4 lending excluding intermediate OFCs to be published in the Sectoral breakdown of aggregate M4 and M4 lending on 30th November 2009 (http://www.bankofengland.co.uk/statistics/fm4/current/index.htm).
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Click on the above images to enlarge
Table A - M4 and M4 lending |
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PDF Version (11k) |
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Microsoft Excel Version (20k) |
| Table B - MFIs' balance sheet counterparts to changes in, and components of, M4 | |
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PDF Version (13k) |
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Microsoft Excel Version (20k) |
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Revisions to Tables (13k) |
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PDF Version (10k) |
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Notes and definitions for M4 |
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Notes and definitions for Counterparts of M4 (including M4 Lending) |
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Information on growth rates and revisions policy. |
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Next release with sectoral breakdown: 30 November 2009
Next release provisional estimates: 18 December 2009
