Money and Credit - November 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 04 January 2018

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

Part one: Broad money and credit

  • Broad money increased by £9.6 billion in November (Table A). Within this, the flow of private non-financial corporations’ (PNFCs’) and households’ M4 was above the recent average, at £8.0 billion (Table B and C).
  • The net flow of sterling credit was £7.1 billion in November (Table A). Combined lending to households and PNFCs was £4.0 billion, similar to the previous month (Table B and C).

Part two: Lending to individuals

  • Secured net lending remained stable in November at £3.5bn (Table H), broadly in line with the average seen since 2016.
  • Mortgage approvals rose in November (Table I), driven by a continuing increase in remortgaging approvals to 53,922.
  • The annual growth rate of consumer credit slowed to 9.1% in November (Table J), the lowest rate since December 2015. This fall partly reflects a particularly strong flow in November 2016 falling out of the annual growth rate.

Part three: Lending to businesses

  • PNFCs raised £2.2 billion from UK MFIs and Capital Markets in November (Table L).
  • Net bond issuance strengthened over the year and was £5.7 billion in November (Table L), the largest since June 2009.
  • Lending to non-financial businesses weakened towards the end of the year, with the annual growth rate for all types of business falling to 1.7% in November (Table M).

PDFMoney and Credit - November 2017

ExcelTables A-O

PDFHighs and lows

Next release date: 30 January 2018

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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