Money and Credit - August 2017

Our monthly Money and Credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses.
Published on 29 September 2017

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).

PDFMoney and Credit - August 2017

ExcelTables A-O

PDFHighs and lows

Further details about these data are available on the National Archives.

The National Archives

View and download more money and credit data


Queries

If you have any comments or queries about this release please email dsd_ms@bankofengland.co.uk.

Was this page useful?
Add your details...