UK mortgage approvals April 2018 62,455 vs 63,000 exp

April 2018 UK mortgage applications and consumer credit data 31 May 2018

Prior 62,914. Revised to 62,802
Mortgage lending 3.894bn vs 3.800bn exp. Prior 3.968bn. Revised to 3.959bn
Total lending 5.726bn vs 4.222bn prior. Revised to 4.384bn
BOE consumer credit 1.832bn vs 1.300bn exp. Prior 0.254bn. Revised to 0.425bn
Of which Credit cards 0.572bn vs 0.129bn prior. Revised to 0.136bn
Total lending to non-financials -2.820bn vs 3.976bn prior
Of which is SME lending -0.715bn vs 0.461bn prior
M4 money supply 0.2% vs -1.4% prior m/m
1.1% vs 2.2% prior y/y
ex-financials -0.7% vs 1.2% prior 3m ann. Revised to 1.1%

Overall, slightly softer on the mortgage approvals but nothing drastic. Total lending up which could be a seasonal factor as homeowners apply for home improvement loans and businesses factor in the new financial year, although non-financials gave up last months gains so the FY thing might have been doen already. Credit card lending is up but not bubbly just yet. It’s a pretty neutral/slightly negative report.