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UK July mortgage approvals 65.35k vs 64.40k expected

  • Prior 64.17k; revised to 64.57k
  • Net consumer credit £1.62 billion vs £1.35 billion expected
  • Prior £1.42 billion; revised to £1.47 billion

Net borrowing of mortgage debt by individuals in the UK fell by £0.9 billion to £4.5 billion in July. That follows from a £3.2 billion increase to £5.4 billion of net borrowing in June. Meanwhile, annual consumer credit growth firmed to 7.0% year-on-year and that is up from 6.8% in June.

This article was written by Justin Low at investinglive.com.

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