Key points
- Gross capital issuance by UK residents was £49.5bn in August, compared to £34.2bn in July and the previous six-month average of £34.0bn (Chart 1).
- Net issuance was £12.6bn in August, compared to -£1.7bn in July and the previous six-month average of -£6.3bn (Chart 1).
- Year to date net issuance was -£23.8bn, £46.1bn lower than at the same point the previous year (Chart 3). This is £68.4bn lower than the previous four-year average, and the lowest year to date net issuance for any August since 2013.
In addition to the summary statistics contained within this release and the associated tables, the Bank publishes a number of more granular series; please see our Bankstats tables (E3.1) and the full list of series and interactive charts.
All sectors
- Gross capital issuance by UK residents was £49.5bn in August, compared to £34.2bn in July and the previous six-month average of £34.0bn (Chart 1).
- Net issuance was £12.6bn in August, compared to -£1.7bn in July and the previous six-month average of -£6.3bn (Chart 1).
- Year to date gross issuance was £294.4bn, £46.2bn lower than at the same point the previous year (Chart 2). This is £38.2bn lower than the previous four-year average, and the lowest year to date gross issuance for any August since 2016.
- Year to date net issuance was -£23.8bn, £46.1bn lower than at the same point the previous year (Chart 3). This is £68.4bn lower than the previous four-year average, and the lowest year to date net issuance for any August since 2013.
Chart 2: Gross year to date capital issuance by UK residents (all currencies)
Non seasonally adjusted 
Chart 3: Net year to date capital issuance by UK residents (all currencies)
Non seasonally adjusted 
Bond issuance
- Gross bond issuance was £29.4bn in August, compared to £21.0bn in July and the previous six-month average of £19.7bn (Chart 4).
- Net bond issuance was £12.2bn in August, compared to £7.0bn in July and the previous six-month average of -£1.2bn (Chart 4).
- The increase in net issuance was driven by an increase in issuance by all three major sectors, with marked increases from the OFC and PNFC sectors.
Chart 4: Bond issuance by UK residents (all currencies)
Non seasonally adjusted 
Commercial paper issuance
- Gross commercial paper issuance was £19.8bn in August, compared to £12.7bn in July and the previous six-month average of £13.5bn (Chart 5).
- Net commercial paper issuance was £4.4bn in August, compared to -£6.0bn in July and the previous six-month average of -£1.5bn (Chart 5).
- The increase in net issuance was driven by an increase in issuance by the MFI sector, combined with a decrease in repayments by all three major sectors.
Equity issuance
- Gross equity issuance was £0.3bn in August, compared to £0.6bn in July and the previous six-month average of £0.7bn (Chart 6).
- Net equity issuance was -£4.0bn in August, compared to -£2.7bn in July and the previous six-month average of -£3.7bn (Chart 6).
- The decrease in net issuance was driven by an increase in buybacks by the PNFC sector, combined with a decrease in issuance by the OFC and PNFC sectors.
Key:
- PNFC = Private non-financial corporations
- MFI = Monetary financial institutions
- OFC = Other financial corporations
- “Other sectors” contains public corporations and non-profit institutions serving households
- CP = Commercial paper
