Key facts
- UK mortgage approvals rose to 65.9K in April.
- Net consumer credit was 1.9B GBP in April.
- UK Money Supply M4 increased by 0.2% month-over-month in April.
- UK Money Supply M4 increased by 4.5% year-over-year in April.
- UK mortgage lending decreased to 4.37B GBP in April.
Mortgage approvals are a key indicator of the health of the UK housing market and broader consumer credit conditions. An increase in approvals suggests greater demand for housing and potentially higher spending, while a decrease can signal a cooling market. Consumer credit data provides insights into household borrowing and spending patterns. Money supply figures offer clues about future inflation and economic activity.