Jun UK consumer credit £0.50bn vs £0.70bn exp

10 hours ago | July 29th, 2013 08:30:18 GMT by | 0 comments

  • Prior £0.70bn. Revised to £0.80bn.
  • Mortgage lending £1.0bn vs £0.65bn exp. Prior £0.30bn. Revised £0.50bn.
  • Mortgage approvals 57.67k vs 59.5k exp. Prior 58.24k. Revised to 58.07k
  • M4 money supply 0.1% vs 0.2% exp m/m. Prior -0.1%. Revised to 0.0%
  • 1.5% vs -0.1% prior y/y

The BOE figures show consumers borrowed less and the lowest borrowing since Jan.

Mortgage borrowing rose while approvals fell which could suggest that turnover is in people adding to their existing mortgages for things like home improvements. Given the way half my street has builders in at the moment I could well believe it.

M4 money growth biggest rise since August 2010

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