FOREX TradingCharts.com

Financial News: UK Consumer Credit Growth Weakest Since 2014: BoE

UK Consumer Credit Growth Weakest Since 2014: BoE

01/03/2020 - 05:16:00 (RTTNews)

(RTTNews) - UK consumer credit grew at the slowest pace since 2014 and mortgage approvals increased marginally in November, monthly data from the Bank of England showed Friday. The extra amount borrowed by consumers in order to buy goods and services fell to GBP 0.6 billion in November, the weakest in six years.

As a result, the annual growth in consumer credit eased to 5.7 percent from 6.1 percent in October. A similar slower growth was last reported in June 2014.

The number of mortgage approvals rose to 64,994 in November from 64,662 in December. Net mortgage borrowing fell marginally to GBP 4.1 billion in November and the annual growth rate remained broadly at 3.3 percent.

Further, data showed that UK businesses borrowed GBP 0.9 billion of finance from banks and other financial institutions.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Denmark Retail Sales Fall In December (48 min(s), 05 sec(s) ago)
(RTTNews) - Denmark's retail sales fell in December after rising in the preceding month, figur ...Full Story»

Turkey Manufacturing Capacity Utilization Falls In January (54 min(s), 05 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization decreased in January, figures from the ...Full Story»

Finland Manufacturing Confidence Weakens In January (02 hr(s), 24 min(s), 05 sec(s) ago)
(RTTNews) - Finland's manufacturing sentiment deteriorated in January, survey data from the Co ...Full Story»

Finland Consumer Confidence Falls In January (02 hr(s), 25 min(s), 05 sec(s) ago)
(RTTNews) - Finland's consumer confidence decreased in January after improving in the previous ...Full Story»

European Economics Preview: German Ifo Business Confidence Data Due (15 min(s), 55 sec(s) ago)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story»

Economic Calendar Is A Blank Slate On Monday (58 min(s), 55 sec(s) ago)
(RTTNews) - There's no economic data on the slate for Monday, with most countries in the Asia- ...Full Story»

Belgium Business Confidence Improves Further (42 min(s), 55 sec(s) ago)
(RTTNews) - Belgium's business confidence improved further in January, extending the upward tr ...Full Story»

Professional Forecasters Raise 2020 Eurozone GDP Forecast: ECB Survey (33 min(s), 55 sec(s) ago)
(RTTNews) - Professional forecasters raised the euro area economic growth forecast for this year, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Denmark Retail Sales Fall In December

01/27/2020 - 03:15 AM (RTTNews)
(RTTNews) - Denmark's retail sales fell in December after rising in the preceding month, figur ...Full Story>>

Turkey Manufacturing Capacity Utilization Falls In January

01/27/2020 - 03:09 AM (RTTNews)
(RTTNews) - Turkey's manufacturing capacity utilization decreased in January, figures from the ...Full Story>>

Finland Manufacturing Confidence Weakens In January

01/27/2020 - 01:39 AM (RTTNews)
(RTTNews) - Finland's manufacturing sentiment deteriorated in January, survey data from the Co ...Full Story>>

Finland Consumer Confidence Falls In January

01/27/2020 - 01:38 AM (RTTNews)
(RTTNews) - Finland's consumer confidence decreased in January after improving in the previous ...Full Story>>

European Economics Preview: German Ifo Business Confidence Data Due

01/26/2020 - 23:19 PM (RTTNews)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.