MNI DATA ANALYSIS: UK Credit Availability To Drop: BOE Survey

--BOE Q3 Household Secured Credit Available Next 3m -1.7 Vs -7.5 Q2

--BOE Survey Sees Unsecured Credit Falling Sharply In Next 3 Mos

--BOE Credit Cond Survey Sees Corp Credit Availability Little Changed

     LONDON (MNI) - Lenders expect household credit availability to improve

somewhat over the coming quarter amid a "changing appetite for risk", a Bank of

England survey found.

     Net household secured credit availability fell to 7.2 over the past three

months, the second quarter survey showed, down from 10 in the second quarter.

However, over the next three months a net -1.7% change in the availability was

forecast, up from -7.5% in the second quarter. 

     Corporate credit availability was reported to have picked up modestly from

its level in Q1, with is expected to ease just very modestly in the next three

months.

     The corporate credit availability balance for the next three months was

0.0, down from 0.9 in the second quarter. The corporate credit availability

balance for the past three months rose to 2.0% from 0.9%.

     The commercial real estate sector, which took a hammering in the run up to

the UK referendum and immediately post Brexit, saw credit availability unchanged

in the third quarter at 0% with the balance for the next three months also

unchanged at 0% for the fifth straight quarter.

     Unsecured consumer credit availability fell again in the second quarter, a

fifth consecutive fall. The unsecured household credit availability balance for

the past three months dropped to -13.0 in Q3 from -10.3 in Q2. Assessments for

the next three months fell sharply, remaining in contraction territory. The

respective index fell to -28.6 from -16.2.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: M$B$$$,M$E$$$]