Money and Credit – July 2018 @ Forex Factory


The net amount of new consumer borrowing, excluding mortgages, fell to £0.8 billion in July, down from £1.5 billion in June (Chart 1). This is notably below the average of the past three years, of £1.5 billion. This series has been volatile in the recent past, with similar weakness in the March data. This month’s fall reflected a weakening in both credit card lending and other loans and advances (which includes personal loans, overdrafts and car finance), to £0.2 billion and £0.6 billion respectively.

The annual growth rate of consumer credit lending shows the trend in net lending over the past twelve months. In July, the annual growth … (full story)

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