Key points from the data to the end of August 2017 include:
Part one: Broad money and credit
- Broad money increased by £16.6 billion in August (Table A), the highest flow since September 2016. Within this, flows for all sectors were positive (Tables B-D) with the largest contribution from non-intermediate other financial corporations (NIOFCs) (Table D). The flow of broad money for private non-financial corporations (PNFCs) was £6.6 billion (Table C), the highest since January 2013. The flow for households was £3.1 billion, in line with the recent average (Table B).
- The net flow of sterling credit was £10.0 billion in August (Table A). The flow for NIOFCs strengthened compared to July (Table D), whereas the combined flow for households and PNFCs was broadly unchanged (Tables B and C).
Part two: Lending to individuals
- The annual growth rate of secured lending remained broadly stable in August with a flow of £4.0 billion (Table H).
- Mortgage approvals were broadly in line with their recent averages, although they fell a little on last month (Table I).
- The annual growth rate of consumer credit remained at 9.8%, with a flow of £1.6 billion in August (Table J).
Part three: Lending to businesses
- PNFCs made net repayments to UK MFIs and capital markets of £2.7 billion in August (Table L), mainly driven by foreign currency loan repayments.
- Large non-financial businesses repaid a net £5.1 billion of loans in August (Table M), driven by the manufacturing sector. This followed strong net lending to that sector over the previous two months (Table O).