British consumer loan growth more than 4-1/2 years in September, with the fastest speed in increasing signs that the economy is slow picks up, in the third quarter after the recession.
Although one-time factors 1% growth in the UK output during July to September, to offer consumers loan data show that since June first suggested basic economic expansion in a modest rise in interest rates is partially responsible last month.
Consumer credit in September, since February 2008 strongest rise, far higher than analysts forecast of 013 million pounds, British bank data display, Monday to rise 1.199 billion pounds. The improvement of the driven overdraft and loans rose by 893 million.
, IHS Global Insight economists Howard Archer (Howard Archer, said loan may have been ascending early spending Olympic Games and the paralympics games tickets and visit, at the same time, consumers may also be due to rising employment rate, low inflation rate and better salary increase more and more confident.
"If consumers more and more willing to spend... and then there is a real economy can be sustained growth, the third quarter gross domestic product picks up opportunity," he said.
Month mortgage permission to rise to 50024 by 47921 in August and better than the 48500 expected, and mortgage loan growth 491 million pounds of, also more than expected.
However, the monthly mortgage examination and approval at half-past one still function in 2008 financial crisis level before.
Bumpy road
Archer said, the latest data is unlikely, the central bank through a new round of quantitative easing policy November asset purchase.
"Even so, economic recovery is still may seem is gradual, rough," he said, adding that the two central bank governors bell and early careful review.
In the fourth quarter on Britain's economic growth will be "great" low, after the Olympic Games from unexpectedly strong role, and for the next few years will continue to remain weak, the British central bank chief economist spencer dell said.
Last Sunday, bank vice President bang bean said, there are some optimistic "looking forward to the future" reasons, but he warned that growth may be weak in the fourth quarter.
The central bank put great hopes on a new plan, for family and enterprise, and provides cheap funds, bank loans if they keep credit flowing.
Rate-setters warned, however, it will be several months before the program, the program began in August, the effect is visible.
The first bank to measure of money supply - not including other financial institutions among the M4 - rose 0.3% last month, August increased by 0.5%, with an average annual growth rate of 4.2%.
"This matter, really caught my eyes (is) sustained strong, M4," said Brian sele and German, French societe generale economists. "Finally, we are beginning to see more money perkiness."




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