DATA SNAP: UK Mar Net Consumer Lending +GBP8.2B Vs +GBP9.6B

LONDON (Dow Jones)--U.K. consumer appetite for debt fell to its lowest level for nearly six years in March, as mortgage lending fell and mortgage approvals hit a series low, data from the Bank of England showed Tuesday. Total net consumer lending grew GBP8.2 billion in March from a downwardly revised GBP9.6 billion in February. That was lower than the GBP8.5 billion expected by economists. The BOE said February's original net lending was reported at GBP9.8 billion. The biggest monthly falls came in mortgage lending and consumer credit. Mortgage lending slid to GBP6.9 billion in March from a downwardly revised GBP7.3 billion in February, while consumer credit fell to GBP1.2 billion, as forecast, from GBP2.3 billion in February. Meanwhile, mortgage approvals sunk to 64,000 in March from a downwardly revised 72,000.


Read More