LONDON (AFX) - UK net new consumer credit totalled 972 mln stg in January on a seasonally-adjusted basis, compared with December's downwardly revised total of 1.019 bln, according to data released by the Bank of England.
The AFX News median of analysts' forecasts was for January net new consumer credit to have totalled 1.2 bln stg.
January consumer credit was previously estimated at 1.083 bln stg. Within this total, credit card credit rose to 301 mln stg from 194 mln in December.
The Bank of England went on to report that net lending secured on dwellings rose to 3.680 bln stg in January from 3.375 bln the previous month.
Total net lending, which includes both lending secured on dwellings and consumer credit, rose to 4.653 bln stg from 4.395 bln the previous month.
The BoE added that the value of approvals of new mortgage loans rose to 11.325 bln stg from 10.774 bln in December, with the number of approvals rising to 112,000 from 101,000 in December.
The following is a breakdown of January lending data. All figures are seasonally adjusted and in mln stg.