Wednesday, 2 October 2013

UK Sectoral Balances and Private Debt Levels - Q2 2013

The automatic stabilisers are still straining away keeping the UK from falling into a depression. This quarter the rise in the external sector balance has halted.
The household sector is very close to balance between investment and saving, with only a small positive balance this quarter. The financial sector is drawing in funds again, but the non-financial sector continues to save vast sums.

And finally the private debt levels:
Private debt levels are slowly going back up. Lead by the financial sector. Household is still deleveraging and non-financial is largely flat.

Source: Office of National Statistics, tables RPZD, RPYN, RQAW, RPZT, RQCH, DJDS (Seasonally adjusted Net Lending/Borrowing per sector plus residual error) and YBHA (Gross domestic product at market prices, seasonally adjusted). Private sector debt based on tables J8XI, NLBC, NKZA, NNQC, NNRE, NNXI, NNXM, NNWK, J8XK, NLSY, NLUA, J8XM, NJCS, and NJBQ (Lending, securites and derivatives per sector, not seasonally adjusted) scaled by BKTL (Gross domestic product at market prices, not seasonally adjusted).