- Prior 66.16k; revised to 65.68k
- Net consumer credit £1.8 billion vs £1.0 billion expected
- Prior £0.8 billion; revised to £0.9 billion
Net borrowing of mortgage debt by UK individuals decreased to £5.3 billion in June, down from £8.0 billion in May but remains above its 12-month pre-pandemic average up to February 2020 of £4.3 billion. Meanwhile, approvals for home purchases – an indicator of future borrowing – dropped to ~63,700 in June and that is below the 12-month pre-pandemic average up to February 2020 of ~66,700.
As for consumer credit growth, it is seen at 6.5% year-on-year – the highest since May 2019 – although the cost-of-living crisis is not quite captured in these numbers.