Money and Credit - January 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 01 March 2017

Key points from the data to the end of January 2017 include:

Part one: Broad money and credit: aggregate, sectoral and industrial detail

  • Broad money, M4 excluding intermediate other financial corporations, increased by £2.4 billion in January (Table A) with positive flows for households’ and private non-financial corporations’ (PNFC) M4 (Tables B-D). The non-intermediate other financial corporation (NIOFC) M4 flow was negative in January and lower than the recent average.
  • Sterling lending to the UK private sector excluding intermediate other financial corporations, M4Lex, decreased by £3.7bn in January (Table A). Positive net lending to households and PNFCs, with PNFCs being above the recent average, was offset by a strong negative flow for NIOFCs (Tables B and D).

Part two: Lending to individuals: lending secured on dwellings and consumer credit

  • Lending secured on dwellings rose by £3.4 billion in January. Gross lending and repayments both increased and were above their recent averages (Table H).
  • Approvals of loans secured on dwellings for house purchase increased for the fourth consecutive month and, at 69,928, were the highest since February 2016 (Table I).
  • The net flow of consumer credit was £1.4 billion in January (Table J). The twelve-month growth rate ticked down to 10.3% (Chart 9).

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 £3.3 billion in January (Table L).
  • Loans to large non-financial businesses increased by £3.9 billion in January, compared to the recent average of £0.5 billion (Table M). Loans to small and medium-sized enterprises (SMEs) decreased by £0.2 billion.

PDF Money and Credit - January 2017

Excel Tables A-O

PDF Highs and lows

Next release date: 29 March 2017

Further details about these data are available on 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.

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