Key points from the data to the end of December 2016 include:
Part one: Broad money and credit: aggregate, sectoral and industrial detail
- Broad money, M4 excluding intermediate other financial corporations, increased by £10.9 billion in December (Table A) with positive flows across all sectors (Tables B-D). Within this, the household M4 flow was £3.6 billion, weaker than its recent average.
- Sterling lending to the UK private sector, M4L excluding intermediate other financial corporations, also increased with positive net lending to households and non-intermediate other financial corporations (Tables B and D).
Part two: Lending to individuals: lending secured on dwellings and consumer credit
- Lending secured on dwellings rose by £3.8 billion in December, the highest flow since March 2016 (Table H).
- Approvals of loans secured on dwellings for remortgaging continued to rise and at 47,721 were higher than the previous six-month average (Table I). Approvals for house purchase were 67,898, broadly in line with recent months.
- Net flows of consumer credit slowed in December to £1.0 billion (Table J), with both credit card lending and other loans and advances below their recent averages (Table K).
Part three: Lending to businesses: net finance raised and loans to businesses, split by size of business
- PNFCs’ net finance raised from monetary financial institutions and capital markets was £2.3 billion in December (Table L).
- Loans to non-financial businesses decreased by £2.1 billion in December, compared to the previous six-month average increase of £1.2 billion (Table M). Within this, loans to large businesses decreased by £1.8 billion.