Monitor the UK BOE Credit Conditions Survey to gauge economic confidence and spending trends through detailed lending data.
This metric reflects consumer and business confidence, as increasing debt levels indicate that lenders are willing to issue loans, and that both consumers and businesses are optimistic about their financial situation and ready to spend. This report provides comprehensive data on both secured and unsecured lending to households, small enterprises, non-financial corporations, and non-bank financial institutions. The source was first published in September 2007.
What it Measures
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Usual Effect
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Source & Frequency
Bank of England (latest release) - https://www.bankofengland.co.uk/ • Published quarterly, approximately 15 days after the end of each quarter.
How Data is Derived
Survey of bank and non-bank lenders which asks respondents to rate the relative level of credit conditions in the past 3 months and next 3 months
Also Known As
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Acronym
Bank of England (BOE)