Key points from the data to the end of July 2017 include:
Part one: Broad money and credit: aggregate, sectoral and industrial detail
- Broad money fell by £0.8 billion in July, the first negative outturn since April 2016 (Table A). Within this, households' money increased by a similar amount to the recent average (Table B) but this was largely offset by a fall for non-intermediate other financial corporations (NIOFCs) (Table D). Private non-financial corporations' (PNFCs') money fell by a small amount (Table C), the first fall since April 2016.
- The net flow of sterling credit was close to zero in July (Table A). Increases in both households’ and PNFCs’ borrowing were almost fully offset by a fall in NIOFCs’ borrowing (Tables B-D).
Part two: Lending to individuals: lending secured on dwellings and consumer credit
- The £3.6 billion flow of net secured lending in July was similar to recent months (Table H).
- At 68,689, house purchase approvals were stronger than recent months, returning to the levels seen at the beginning of the year. Approvals for remortgaging, at 46,231, were also stronger and have been on a slight upward trend (Table I).
- The annual growth rate of consumer credit fell to 9.8%, the lowest since April 2016, as the July flow was a little weaker than recent months (Table J).
Part three: Lending to businesses: net finance raised and loans to businesses, split by size of business
- PNFCs borrowed £8.9 billion from UK MFIs and capital markets in July. This is the second strong month, with both being the largest outturns since July 2014 (Table L).
- Loans to large non-financial businesses increased by £8.2 billion in July (Table M), with a particularly large increase in the manufacturing sector (Table O). Loans to small and medium-sized enterprises decreased by £0.2 billion (Table M).