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September 2015

UK Net Lending Rise - Highest Pace Since 2008

Published: Tuesday 29 September 2015

European equity markets opened with heavy losses this morning but have recovered. There was no clear catalyst for the rebound in stocks although some analysts have pointed to short covering following yesterday’s sizeable declines. Consumer prices in the euro area`s number one economy saw their growth rate falling .2% month-on-month. Inflation in the Euro Zone is likely to fall into negative territory in September - Adding to ECB`s headache. Euro Zone confidence indicators saw broad improvement with economic, industrial and services confidence at all their highest since 2011. In the UK, net lending for dwellings rose £3.4 Billion - the highest pace since June 2008.