UK mortgage and M4 money supply

  • Prior 68.1k. Revised to 67.6k
  • Mortgage lending 2.098bn vs 2.050bn exp. Prior 1.735bn. Revised to 1.695bn
  • Consumer credit 1.001bn vs 1.100bn exp. Prior 1.173bn. Revised to 1.176bn
  • M4 money supply 0.5% vs 0.4% prior m/m
  • 4.5% vs revised 4.1% prior y/y

The market has bigger fish to fry than some UK money data.

Net credit is still holding below pre-crisis levels and mortgages picking up is possibly something we'll see continue if wages carry on rising UK net consumer credit

UK net consumer credit