UK October mortgage approvals 65.018k vs 64.200k expected

• Prior 65.944k; revised to 65.647k
• Net consumer credit £1.12 billion vs £1.35 billion expected
• Prior £1.49 billion; revised to £1.40 billion

Net borrowing of mortgage debt by individuals fell back to £4.3 billion in October, after a rise to £5.2 billion in September. Meanwhile, net borrowing of consumer credit by individuals decreased for a second consecutive month to £1.1 billion but the annual growth rate for all consumer credit remained unchanged at 7.2% in October.

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