Prior 64.68k; revised to 64.96kNet consumer credit £1.49 billion vs £1.50 billion expectedPrior £1.69 billion; revised to £1.75 billion
Net borrowing of mortgage debt by individuals rose by £1.2 billion to £5.5 billion in September. That’s the highest figure since March this year, which amounted to £13.2 billion. Meanwhile, net borrowing of consumer credit by individuals was seen at £1.5 billion in September, down slightly from £1.7 billion in August. That sees the annual growth rate for all consumer credit rose slightly to 7.3% on the month, just marginally higher than the 7.2% reading in August.
This article was written by Justin Low at investinglive.com.