Money and Credit - September 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 30 October 2017

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

Broad money increased by £3.0 billion in September (Table A). Within this, the flow of household M4 was the largest contributor at £3.8 billion (Table B). The flow of M4 for private non-financial corporations (PNFCs) was -£1.5 billion (Table C), a particularly weak outturn.
The net flow of sterling credit remained robust at £9.6 billion in September (Table A). Within this, lending to households has been growing steadily at around 4% per year (Table B).

Mortgage approvals for house purchase fell slightly to 66,232 in September, close to their recent average (Table I).
The annual growth rate of consumer credit has remained broadly unchanged since June, at around 10%. The flow was £1.6 billion in September, also close to its recent average (Table J).

PNFCs raised a net of £2.1 billion from UK MFIs and capital markets in September (Table L), mainly driven by strong bond issuance.
Large non-financial businesses made net repayments of £1.8 billion of loans in September (Table M), with manufacturing contributing the most to this movement (Table O).

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